Alert: Major Price Decline (12/7/23)-Argan Inc (NYSE: AGX).


Argan Inc (NYSE: AGX) stock suffered a major decline of -12.4% on 12/7/23. The shares closed at $41.83. Moreover, exceptionally high trading volume at 568% of normal accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months but has declined -8.5% during the last week.


Current PriceTarget Research Rating

With future capital returns forecasted to be above the cost of capital, AGX is expected to continue to be an important Value Builder.

Argan has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Argan has a poor Appreciation Score of 29 but a very high Power Rating of 86, producing the Neutral Value Trend Rating.

Rating Review

In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.

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