Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Antero Midstream Corp shares valued at $224,106 were sold by Pearce Sheri on Mar 13 ’24. At $13.67 per share, Pearce Sheri sold 16,394 shares. The insider’s holdings dropped to 170,266 shares worth approximately $2.44 million following the completion of this transaction.
Also, MCARDLE JANINE J purchased 6,011 shares, netting a total of over 71,892 in proceeds. Following the buying of shares at $11.96 each, the insider now holds 54,093 shares.
Before that, Pearce Sheri had sold 16,600 shares from its account. In a trade valued at $200,030, the insider traded Antero Midstream Corp shares for $12.05 each. Upon closing the transaction, the insider’s holdings decreased to 16,600 shares, worth approximately $1.99 million.
As published in a research note from Tudor Pickering Holt & Co. on March 12, 2024, Antero Midstream Corp [AM] has been rated down from a Buy to a Hold and the price target has been revised to $13 from $12. As of October 03, 2023, Pickering Energy Partners has initiated its “an Outperform” rating for AM. Earlier on May 10, 2023, UBS initiated its rating. Their recommendation was “a Buy” for AM stock.
Analyzing AM Stock Performance
During the last five days, there has been a surge of approximately 3.99%. Over the course of the year, Antero Midstream Corp shares have jumped approximately 14.45%. Shares of the company reached a 52-week high of $14.39 on 04/03/24 and a 52-week low of $11.58 on 02/14/24. A 50-day SMA is recorded $13.01, while a 200-day SMA reached $12.37. Nevertheless, trading volume fell to 2.09 million shares from 2.01 million shares the previous day.
Support And Resistance Levels for Antero Midstream Corp (AM)
According to the 24-hour chart, there is a support level at 14.29, which, if violated, would cause prices to drop to 14.25. In the upper region, resistance lies at 14.39. The next price resistance is at 14.44. RSI (Relative Strength Index) is 73.93 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.42, which suggests the price will decrease in the coming days. Percent R is at 4.20%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
Is Antero Midstream Corp subject to short interest?
Stocks of Antero Midstream Corp saw a sharp rise in short interest on Mar 15, 2024 jumping by 0.8 million shares to 14.33 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 13.53 million shares. A jump of 5.58% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 4.14 of the overall float, the days-to-cover ratio (short ratio) jumped to 4.14.
