Early Access — free while we kick the tires
EdgarHawk

Wittmeyer Michael R.

Director

Director
2 filings analyzed · 1 company · Latest 2024-09-23

Companies

Company Buys Sells Direction
A-Mark Precious Metals, Inc. GOLD 0 12 Net selling

Activity

September 2024
medium
Sell
85,817 shares
$3,768,038
Significance 6/10

Director Wittmeyer sells 85,817 shares of AMRK for $3.8M across 3 transactions (Sep 19–20) at blended avg $43.91, trimming stake 22.7%

Wittmeyer, a director at A-Mark Precious Metals, executed 3 separate sales totaling 85,817 shares for $3,768,038.13 at an average price of $43.91 per share, reducing his post-transaction holdings from 378,352 shares to 292,535 shares. The current stock price of $42.87 is 8.6% below the 52-week high of $46.92, and the 30-day return of +14.1% shows recent momentum. Examining his same-ticker history at AMRK, his 2 prior measurable sales (May 2024) posted negative 90-day returns of -12.2% and -13.8%, indicating both prior sales preceded subsequent declines. However, those outcomes cannot be assumed predictive of this filing's timing since market conditions, company fundamentals, or personal circumstances may differ. The company's P/E of 14.43, annual revenue growth of +4.4%, and recent quarterly net income of $5,013,000.00 do not signal financial distress, so this sale does not appear driven by fundamental deterioration.

medium
Sell
34,183 shares
$1,523,621
Significance 5/10

Director Wittmeyer sold 34,183 shares for $1,523,620.79 across Sept 17-18; holds 292,535 shares post-sale.

Michael R. Wittmeyer, Director at A-Mark Precious Metals, executed three separate sales totaling 34,183 shares for $1,523,620.79 on September 17–18, 2024, at a blended average price of $44.57. The sale reduced his holdings by 10.5% to 292,535 shares. At the same-ticker level, Wittmeyer's prior three measurable sales at AMRK (May 2024) each resulted in negative 90-day returns, with 3 of 3 well-timed at the 90-day mark; the current stock trades at $43.43, down 7.4% from its 52-week high of $46.92. The company reports $2.6B in latest quarterly revenue, a P/E of 14.62, and net income of $5.0M, with annual revenue growth of 4.4%. The timing of this multi-transaction sale in relation to Wittmeyer's historical success at detecting downturns at this ticker merits monitoring, though the outcome remains uncertain pending further price action.

Related insiders

Create a free account

Build watchlists, get email alerts on the tickers you follow, and read the full AI analysis on every insider filing.

Sign up — free during early access