Argan ( (AGX) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Argan’s stock has experienced a downturn following a downgrade by JPMorgan, which cited valuation concerns after the stock’s recent strong performance compared to the Russell 2000. The firm expressed difficulty in justifying the current valuation and does not foresee any major announcements in the upcoming Q3 report. Additionally, there is limited expectation for further positive catalysts in the near-term.
More about Argan
YTD Price Performance: 190.88%
Average Trading Volume: 374,148
Technical Sentiment Signal: Buy
Current Market Cap: $5.46B
For further insights into AGX stock on TipRanks’ Stock Analysis page.
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