Atmos Energy Corp.’s recent filing unveils that its Director COCKLIN KIM R unloaded Company’s shares for reported $1.75 million on Mar 27 ’24. In the deal valued at $116.46 per share,15,000 shares were sold. As a result of this transaction, COCKLIN KIM R now holds 186,339 shares worth roughly $21.68 million.
Then, THOMAS RICHARD M sold 1,750 shares, generating $199,850 in total proceeds. Upon selling the shares at $114.20, the VICE PRESIDENT & CONTROLLER now owns 2,650 shares.
Before that, COCKLIN KIM R sold 12,500 shares. Atmos Energy Corp. shares valued at $1,387,416 were divested by the Director at a price of $110.99 per share. As a result of the transaction, COCKLIN KIM R now holds 199,972 shares, worth roughly $23.26 million.
Wells Fargo downgraded its Atmos Energy Corp. [ATO] rating to an Equal weight from a an Overweight in a research note published on August 28, 2023; the price target was decreased to $128 from $132. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in late August with a ‘”an Equal weight”‘ rating. Goldman also remained covering ATO and has decreased its forecast on May 13, 2022 with a “Neutral” recommendation from previously “Buy” rating. Credit Suisse started covering the stock on April 26, 2022. It rated ATO as “an Outperform”.
Price Performance Review of ATO
On Monday, Atmos Energy Corp. [NYSE:ATO] saw its stock jump 0.09% to $116.33. Over the last five days, the stock has lost -1.29%. Atmos Energy Corp. shares have risen nearly 0.37% since the year began. Nevertheless, the stocks have risen 1.30% over the past one year. While a 52-week high of $125.28 was reached on 04/01/24, a 52-week low of $101.00 was recorded on 02/13/24. SMA at 50 days reached $114.76, while 200 days put it at $114.50. A total of 0.68 million shares were traded, compared to the trading of 0.63 million shares in the previous session.
Levels Of Support And Resistance For ATO Stock
The 24-hour chart illustrates a support level at 115.87, which if violated will result in even more drops to 115.40. On the upside, there is a resistance level at 116.88. A further resistance level may holdings at 117.42. The Relative Strength Index (RSI) on the 14-day chart is 51.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.59, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.73%. Stochastics %K at 38.06% indicates the stock is a holding.
How much short interest is there in Atmos Energy Corp.?
A steep rise in short interest was recorded in Atmos Energy Corp. stocks on Mar 15, 2024, growing by 0.75 million shares to a total of 3.92 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 3.17 million shares. There was a rise of 19.13%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.44% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.88.
