Stock Rises 127% with New $16 Million Investment

Hong Kong-based Alpine Investment Management has initiated a new position in Argan (NYSE: AGX), acquiring 60,000 shares valued at approximately $16.20 million, as reported in a November 12 SEC filing. This investment represents 13.62% of Alpine Investment Management Ltd’s reportable U.S. equity assets. The purchase occurred as of September 30, indicating significant interest in Argan’s potential.

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