Antero Resources Corp’s recent filing unveils that its Director Keenan W Howard JR unloaded Company’s shares for reported $6.0 million on Mar 14 ’24. In the deal valued at $25.85 per share,232,293 shares were sold. As a result of this transaction, Keenan W Howard JR now holds 3,000,000 shares worth roughly $89.91 million.
Then, Keenan W Howard JR sold 560,729 shares, generating $14,747,173 in total proceeds. Upon selling the shares at $26.30, the Director now owns 3,232,293 shares.
Before that, Pearce Sheri sold 28,009 shares. Antero Resources Corp shares valued at $736,357 were divested by the insider at a price of $26.29 per share. As a result of the transaction, Pearce Sheri now holds 106,698 shares, worth roughly $3.2 million.
JP Morgan upgraded its Antero Resources Corp [AR] rating to an Overweight from a a Neutral in a research note published on March 20, 2024; the price target was increased to $30 from $27. A number of analysts have revised their coverage, including The Benchmark Company’s analysts, who decreased its forecast for the stock in late February from “a Buy” to “a Hold”. Tudor Pickering Holt & Co. also remained covering AR and has increased its forecast on January 17, 2024 with a “Buy” recommendation from previously “Hold” rating. Mizuho revised its rating on January 03, 2024. It rated AR as “a Neutral” which previously was an “a Buy”.
Price Performance Review of AR
On Monday, Antero Resources Corp [NYSE:AR] saw its stock jump 2.32% to $29.97. Over the last five days, the stock has gained 1.97%. Antero Resources Corp shares have risen nearly 32.14% since the year began. Nevertheless, the stocks have risen 24.87% over the past one year. While a 52-week high of $30.90 was reached on 04/08/24, a 52-week low of $19.91 was recorded on 02/14/24. SMA at 50 days reached $25.32, while 200 days put it at $25.13. A total of 4.56 million shares were traded, compared to the trading of 4.84 million shares in the previous session.
Levels Of Support And Resistance For AR Stock
The 24-hour chart illustrates a support level at 29.39, which if violated will result in even more drops to 28.82. On the upside, there is a resistance level at 30.36. A further resistance level may holdings at 30.75. The Relative Strength Index (RSI) on the 14-day chart is 75.88, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.15, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.34%. Stochastics %K at 88.03% indicates the stock is a selling.
How much short interest is there in Antero Resources Corp?
A steep rise in short interest was recorded in Antero Resources Corp stocks on Mar 15, 2024, dropping by -4.35 million shares to a total of 12.72 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 17.07 million shares. There was a decline of -34.2%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 5.27% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.34.
