Large Outflow of Money Witnessed in Argan

Argan (NYSE:AGX) During the most recent session, the shares traded at 1.36 points or 3.27% higher at $42.96. The money flow data is unimpressive with the net money flow value of $(-2.25) million. As per the intraday data, the upticks measured $4.67 million and the downticks measured $6.92 million. As a result, the up/down ratio registered a value of 0.68. The shares have seen 25.87% price change for the week.A block trade also made an entry with $0 million flowing in through upticks while $0.6 million flew out through downticks. The block tradeoff had the up/down ratio of 0. The net money flow for this big transaction was $(-0.6) million.


Currently the company Insiders own 9.5% of Argan shares according to the proxy statements. Institutional Investors own 75.66% of Argan shares. During last six month period, the net percent change held by insiders has seen a change of 35%. On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the CFO of Argan Inc, Watson David Hibbert, had purchased 350 shares in a transaction dated on January 8, 2016. The transaction was executed at $29.18 per share with total amount equaling $10,213.

Argan (NYSE:AGX) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.56 points or 1.3% at $42.4 with 302,652 shares getting traded. Post opening the session at $42.92, the shares hit an intraday low of $42.21 and an intraday high of $44.04 and the price was in this range throughout the day. The company has a market cap of $630 million and the number of outstanding shares have been calculated to be 14,858,469 shares. The 52-week high of Argan (NYSE:AGX) is $44.04 and the 52-week low is $28.03.

Argan, Inc. is a holding company. The Company conducts operations through its wholly owned subsidiaries, Gemma Power Systems, LLC and affiliates (GPS) and Southern Maryland Cable, Inc. (SMC). The Company operates in two segments: power industry services and telecommunications infrastructure services. Through GPS, the Company provides a range of development, consulting, engineering, procurement, construction, commissioning, operations and maintenance services to the power generation and renewable energy markets for a variety of customers, including public utilities, independent power project owners, municipalities, public institutions and private industry. Through SMC, it provides telecommunications infrastructure services, including project management, construction and maintenance to the federal government, local governments, telecommunications and broadband service providers, as well as electric utilities.

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