Aris Water Solutions Inc’s recent filing unveils that its Director Hernandez Jacinto J acquired Company’s shares for reported $20450.0 on Dec 13 ’23. In the deal valued at $7.42 per share,2,756 shares were bought. As a result of this transaction, Hernandez Jacinto J now holds 21,072 shares worth roughly $0.32 million.
Seaport Research Partners initiated its Aris Water Solutions Inc [ARIS] rating to a Buy in a research note published on December 13, 2023; the price target was $15. Wells Fargo also remained covering ARIS and has decreased its forecast on December 16, 2022 with a “an Equal weight” recommendation from previously “an Overweight” rating. Citigroup started covering the stock on December 09, 2022. It rated ARIS as “a Buy”.
Price Performance Review of ARIS
On Tuesday, Aris Water Solutions Inc [NYSE:ARIS] saw its stock jump 0.46% to $15.15. Over the last five days, the stock has gained 5.80%. Aris Water Solutions Inc shares have risen nearly 80.57% since the year began. Nevertheless, the stocks have risen 88.90% over the past one year. While a 52-week high of $15.16 was reached on 04/09/24, a 52-week low of $6.69 was recorded on 01/19/24. SMA at 50 days reached $11.50, while 200 days put it at $9.98. A total of 0.24 million shares were traded, compared to the trading of 0.23 million shares in the previous session.
Levels Of Support And Resistance For ARIS Stock
The 24-hour chart illustrates a support level at 14.97, which if violated will result in even more drops to 14.79. On the upside, there is a resistance level at 15.32. A further resistance level may holdings at 15.49. The Relative Strength Index (RSI) on the 14-day chart is 81.48, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.84, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 7.14%. Stochastics %K at 95.02% indicates the stock is a selling.
How much short interest is there in Aris Water Solutions Inc?
A steep rise in short interest was recorded in Aris Water Solutions Inc stocks on Mar 15, 2024, growing by 9480.0 shares to a total of 0.94 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 0.93 million shares. There was a rise of 1.01%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.58% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.77.
