Argan shares drop for a fifth straight session amid broader sector weakness and investor sell-off pressure.
Argan Inc. (AGX) shares declined 6% on Monday, marking a fifth consecutive session of losses. The drop extends a recent downward trend for the power plant engineering and construction firm, with no immediate catalyst cited for the decline.
Prior to this streak, AGX had shown volatility but lacked a clear directional trend. The stock has underperformed relative to peers in the engineering and construction sector, which has faced headwinds from rising material costs and project delays.
Market reaction remained muted, with trading volume in line with recent averages. Analysts have not issued updates on the stock in the past week.