Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Antero Resources Corp shares valued at $6,004,774 were sold by Keenan W Howard JR on Mar 14 ’24. At $25.85 per share, Keenan W Howard JR sold 232,293 shares. The insider’s holdings dropped to 3,000,000 shares worth approximately $90.54 million following the completion of this transaction.
Also, Keenan W Howard JR sold 560,729 shares, netting a total of over 14,747,173 in proceeds. Following the sale of shares at $26.30 each, the insider now holds 3,232,293 shares.
Before that, Pearce Sheri had sold 28,009 shares from its account. In a trade valued at $736,357, the insider traded Antero Resources Corp shares for $26.29 each. Upon closing the transaction, the insider’s holdings decreased to 28,009 shares, worth approximately $3.22 million.
As published in their initiating research note from Barclays on April 10, 2024, Antero Resources Corp [AR] has been an Equal weight and the price target has been revised to $32. Analysts at JP Morgan upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in mid March. As of February 22, 2024, The Benchmark Company has decreased its “Buy” rating to a “Hold” for AR. Earlier on January 17, 2024, Tudor Pickering Holt & Co. upgraded its rating. Their new recommendation was “a Buy” for AR stock which previously was a “a Hold”.
Analyzing AR Stock Performance
During the last five days, there has been a surge of approximately 4.21%. Over the course of the year, Antero Resources Corp shares have jumped approximately 33.07%. Shares of the company reached a 52-week high of $30.78 on 04/11/24 and a 52-week low of $20.56 on 02/14/24. A 50-day SMA is recorded $25.77, while a 200-day SMA reached $25.26. Nevertheless, trading volume fell to 3.69 million shares from 4.17 million shares the previous day.
Support And Resistance Levels for Antero Resources Corp (AR)
According to the 24-hour chart, there is a support level at 29.64, which, if violated, would cause prices to drop to 29.10. In the upper region, resistance lies at 30.75. The next price resistance is at 31.32. RSI (Relative Strength Index) is 73.47 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.23, which suggests the price will increase in the coming days. Percent R is at 14.49%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
Is Antero Resources Corp subject to short interest?
Stocks of Antero Resources Corp saw a sharp steep in short interest on Mar 15, 2024 dropping by -4.35 million shares to 12.72 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 17.07 million shares. A decline of -34.2% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.34 of the overall float, the days-to-cover ratio (short ratio) decline to 2.34.
