Antero Midstream Corp’s recently made public that its insider Pearce Sheri unloaded Company’s shares for reported $0.22 million on Mar 13 ’24. In the deal valued at $13.67 per share,16,394 shares were sold. As a result of this transaction, Pearce Sheri now holds 170,266 shares worth roughly $2.35 million.
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Then, MCARDLE JANINE J bought 6,011 shares, generating $71,892 in total proceeds. Upon buying the shares at $11.96, the Director now owns 54,093 shares.
Before that, Pearce Sheri sold 16,600 shares. Antero Midstream Corp shares valued at $200,030 were divested by the insider at a price of $12.05 per share. As a result of the transaction, Pearce Sheri now holds 138,667 shares, worth roughly $1.91 million.
Tudor Pickering Holt & Co. downgraded its Antero Midstream Corp [AM] rating to a Hold from a a Buy in a research note published on March 12, 2024; the price target was increased to $13 from $12. Pickering Energy Partners began covering AM with “an Outperform” recommendation on October 03, 2023. UBS started covering the stock on May 10, 2023. It rated AM as “a Buy”.
Price Performance Review of AM
On Tuesday, Antero Midstream Corp [NYSE:AM] saw its stock fall -0.43% to $13.79. Over the last five days, the stock has gained 0.88%. Antero Midstream Corp shares have risen nearly 10.06% since the year began. Nevertheless, the stocks have risen 37.62% over the past one year. While a 52-week high of $14.06 was reached on 03/25/24, a 52-week low of $9.69 was recorded on 02/14/24. SMA at 50 days reached $12.82, while 200 days put it at $12.29. A total of 1.57 million shares were traded, compared to the trading of 3.85 million shares in the previous session.
Levels Of Support And Resistance For AM Stock
The 24-hour chart illustrates a support level at 13.73, which if violated will result in even more drops to 13.68. On the upside, there is a resistance level at 13.88. A further resistance level may holdings at 13.97. The Relative Strength Index (RSI) on the 14-day chart is 63.33, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 31.79%. Stochastics %K at 76.08% indicates the stock is a holding.
How much short interest is there in Antero Midstream Corp?
A steep rise in short interest was recorded in Antero Midstream Corp stocks on Feb 29, 2024, dropping by -0.46 million shares to a total of 13.24 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 13.7 million shares. There was a decline of -3.47%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.92% of the overall stock float, the days-to-cover ratio (short ratio) fell to 4.06.
