Argan

AGX.US dropped 5.5% during regular trading to $722.50 as of ET 11:04, erasing pre-market gains that peaked at $771.87 and forming a sharp reversal after an initial rally. The selloff was driven by intense insider selling: non-executive chairman William F. Griffin Jr. disposed of 50,000 shares for $36.94 million, while the CFO also sold over $557K worth of shares, raising concerns about profit-taking at elevated levels. Despite stellar Q1 results—operating revenue surged 50.24% YoY to $290.95M, net profit more than doubled to $46.06M, and EPS hit $3.24 (+102.5% YoY)—the stock trades well above its MA20 ($708.23) and MA60 ($674), with a YTD gain of 121.65% and only 10.33% below its 52-week high of $805.75, leaving it vulnerable to profit-taking. The company raised its FY2026 rental income outlook to at least EUR 221 million, though, signaling continued operational momentum.