Atlas Energy Solutions Inc. [AESI] Insider Activity: An Update for Investors

In a filing, Atlas Energy Solutions Inc. revealed its Member of 10% Owner Group Schmidt Richard W unloaded Company’s shares for reported $5.99 million on Nov 17. In the deal valued at $17.07 per share,351,000 shares were sold. As a result of this transaction, Schmidt Richard W now holds 1,307,306 shares worth roughly $22.84 million.

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Then, Schmidt Richard W sold 8,640 shares, generating $179,280 in total proceeds. Upon selling the shares at $20.75, the Member of 10% Owner Group now owns 1,658,306 shares.

Before that, Schmidt Richard W sold 36,633 shares. Atlas Energy Solutions Inc. shares valued at $750,244 were divested by the Member of 10% Owner Group at a price of $20.48 per share. As a result of the transaction, Schmidt Richard W now holds 1,666,946 shares, worth roughly $29.12 million.

Johnson Rice initiated its Atlas Energy Solutions Inc. [AESI] rating to a Buy in a research note published on Tuesday, April 12, 2023; the price target was $24.

Price Performance Review of AESI

On Tuesday, Atlas Energy Solutions Inc. [NYSE:AESI] saw its stock fall -1.85% to $17.47. Over the last five days, the stock has gained 0.87%. Atlas Energy Solutions Inc. shares have risen nearly 1.45% since the year began. SMA at 50 days reached $17.05, while 200 days put it at $18.71. A total of 0.44 million shares were traded, compared to the trading of 0.43 million shares in the previous session.

Levels Of Support And Resistance For AESI Stock

The 24-hour chart illustrates a support level at 17.26, which if violated will result in even more drops to 17.05. On the upside, there is a resistance level at 17.66. A further resistance level may holdings at 17.85. The Relative Strength Index (RSI) on the 14-day chart is 53.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 34.78%. Stochastics %K at 76.98% indicates the stock is a holding.

How much short interest is there in Atlas Energy Solutions Inc.?

A steep rise in short interest was recorded in Atlas Energy Solutions Inc. stocks on Jan 31, 2024, dropping by -0.16 million shares to a total of 5.09 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2023 was 5.25 million shares. There was a decline of -3.14%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 27.96% of the overall stock float, the days-to-cover ratio (short ratio) fell to 8.23.

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