Arch Resources Inc’s recently made public that its Director Butcher Pamela R acquired Company’s shares for reported $33000.0 on Mar 13 ’24. In the deal valued at $165.00 per share,200 shares were bought. As a result of this transaction, Butcher Pamela R now holds 200 shares worth roughly $31262.0.
Then, EAVES JOHN W sold 12,609 shares, generating $2,348,048 in total proceeds. Upon selling the shares at $186.22, the Executive Chairman now owns 124,116 shares.
Before that, CHAPMAN JAMES N sold 2,005 shares. Arch Resources Inc shares valued at $369,080 were divested by the Director at a price of $184.08 per share. As a result of the transaction, CHAPMAN JAMES N now holds 1,219 shares, worth roughly $0.19 million.
Jefferies upgraded its Arch Resources Inc [ARCH] rating to a Buy from a a Hold in a research note published on June 07, 2022; the price target was increased to $225 from $160. A number of analysts have revised their coverage, including Citigroup’s analysts, who increased its forecast for the stock in late September from “a Neutral” to “a Buy”. Citigroup began covering ARCH with “Neutral” recommendation on March 05, 2021. The Benchmark Company maintained its rating on October 23, 2020. It rated ARCH as “a Buy”.
Price Performance Review of ARCH
On Tuesday, Arch Resources Inc [NYSE:ARCH] saw its stock jump 1.72% to $156.31. Over the last five days, the stock has lost -0.59%. Arch Resources Inc shares have fallen nearly -5.02% since the year began. Nevertheless, the stocks have risen 26.87% over the past one year. While a 52-week high of $187.60 was reached on 03/08/24, a 52-week low of $98.22 was recorded on 04/05/24. SMA at 50 days reached $167.27, while 200 days put it at $152.68. A total of 0.37 million shares were traded, compared to the trading of 0.43 million shares in the previous session.
Levels Of Support And Resistance For ARCH Stock
The 24-hour chart illustrates a support level at 154.19, which if violated will result in even more drops to 152.06. On the upside, there is a resistance level at 157.47. A further resistance level may holdings at 158.62. The Relative Strength Index (RSI) on the 14-day chart is 41.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.80, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.65%. Stochastics %K at 22.68% indicates the stock is a holding.
How much short interest is there in Arch Resources Inc?
A steep rise in short interest was recorded in Arch Resources Inc stocks on Mar 28, 2024, growing by 1.26 million shares to a total of 2.06 million shares. Yahoo Finance data shows the prior-month short interest on Feb 29, 2024 was 0.8 million shares. There was a rise of 60.95%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 13.33% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.52.
