Atlas Energy Solutions Inc.’s filing revealed that its Member of 10% Owner Group Ginn Kirk Edwards unloaded Company’s shares for reported $33950.0 on Mar 18 ’24. In the deal valued at $21.73 per share,1,562 shares were sold. As a result of this transaction, Ginn Kirk Edwards now holds 479,525 shares worth roughly $10.64 million.
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Then, Schmidt Richard W sold 166,710 shares, generating $3,657,951 in total proceeds. Upon selling the shares at $21.94, the Member of 10% Owner Group now owns 1,140,596 shares.
Before that, Turner John Gregory sold 3,728 shares. Atlas Energy Solutions Inc. shares valued at $84,179 were divested by the President and CFO at a price of $22.58 per share. As a result of the transaction, Turner John Gregory now holds 1,582,303 shares, worth roughly $35.11 million.
A number of analysts have revised their coverage, including Johnson Rice’s analysts, who began to cover the stock in mid April with a ‘”a Buy”‘ rating. CapitalOne began covering AESI with “an Overweight” recommendation on April 04, 2023. RBC Capital Mkts started covering the stock on April 03, 2023. It rated AESI as “an Outperform”.
Price Performance Review of AESI
On Tuesday, Atlas Energy Solutions Inc. [NYSE:AESI] saw its stock fall -0.80% to $22.19. Over the last five days, the stock has gained 1.60%. Atlas Energy Solutions Inc. shares have risen nearly 29.21% since the year began. Nevertheless, the stocks have risen 39.97% over the past one year. While a 52-week high of $24.56 was reached on 03/25/24, a 52-week low of $15.16 was recorded on 01/17/24. SMA at 50 days reached $18.89, while 200 days put it at $19.14. A total of 1.08 million shares were traded, compared to the trading of 0.37 million shares in the previous session.
Levels Of Support And Resistance For AESI Stock
The 24-hour chart illustrates a support level at 21.99, which if violated will result in even more drops to 21.78. On the upside, there is a resistance level at 22.44. A further resistance level may holdings at 22.68. The Relative Strength Index (RSI) on the 14-day chart is 72.34, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.67, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 18.39%. Stochastics %K at 86.13% indicates the stock is a selling.
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 Feb 29, 2024, growing by 0.46 million shares to a total of 5.55 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 5.09 million shares. There was a rise of 8.29%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 30.47% of the overall stock float, the days-to-cover ratio (short ratio) rose to 8.59.
The most recent change occurred on April 03, 2023 when Raymond James began covering the stock and recommended ‘”a Strong buy”‘ rating along with a $25 price target.
