In a filing, Alliance Resource Partners, LP revealed its 10% Owner Mowry Kathleen unloaded Company’s shares for reported $0.69 million on Dec 06 ’23. In the deal valued at $20.05 per share,34,492 shares were sold. As a result of this transaction, Mowry Kathleen now holds 16,167,865 shares worth roughly $339.2 million.
Then, Mowry Kathleen sold 33,087 shares, generating $682,095 in total proceeds. Upon selling the shares at $20.62, the 10% Owner now owns 16,202,357 shares.
Before that, Mowry Kathleen sold 19,826 shares. Alliance Resource Partners, LP shares valued at $417,629 were divested by the 10% Owner at a price of $21.06 per share. As a result of the transaction, Mowry Kathleen now holds 16,235,444 shares, worth roughly $340.62 million.
Noble Capital Markets initiated its Alliance Resource Partners, LP [ARLP] rating to an Outperform in a research note published on March 30, 2022; the price target was $22. The Benchmark Company began covering ARLP with “Buy” recommendation on February 04, 2020. JP Morgan revised its rating on August 19, 2019. It rated ARLP as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of ARLP
On Tuesday, Alliance Resource Partners, LP [NASDAQ:ARLP] saw its stock fall -0.26% to $20.98. Over the last five days, the stock has gained 3.17%. Alliance Resource Partners, LP shares have fallen nearly -0.97% since the year began. Nevertheless, the stocks have risen 3.79% over the past one year. While a 52-week high of $24.30 was reached on 01/19/24, a 52-week low of $17.05 was recorded on 03/05/24. SMA at 50 days reached $19.88, while 200 days put it at $20.58. A total of 0.21 million shares were traded, compared to the trading of 0.33 million shares in the previous session.
Levels Of Support And Resistance For ARLP Stock
The 24-hour chart illustrates a support level at 20.88, which if violated will result in even more drops to 20.79. On the upside, there is a resistance level at 21.13. A further resistance level may holdings at 21.29. The Relative Strength Index (RSI) on the 14-day chart is 66.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.64, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 14.52%. Stochastics %K at 92.46% indicates the stock is a selling.
How much short interest is there in Alliance Resource Partners, LP?
A steep rise in short interest was recorded in Alliance Resource Partners, LP stocks on Mar 15, 2024, growing by 0.26 million shares to a total of 4.24 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 3.98 million shares. There was a rise of 6.13%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 4.73% of the overall stock float, the days-to-cover ratio (short ratio) rose to 9.05.
