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 $87.0 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 $3.09 million.
Barclays initiated its Antero Resources Corp [AR] rating to an Equal weight in a research note published on April 10, 2024; the price target was $32. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in mid March from “a Neutral” to “an Overweight”. The Benchmark Company also remained covering AR and has decreased its forecast on February 22, 2024 with a “Hold” recommendation from previously “Buy” rating. Tudor Pickering Holt & Co. revised its rating on January 17, 2024. It rated AR as “a Buy” which previously was an “a Hold”.
Price Performance Review of AR
On Monday, Antero Resources Corp [NYSE:AR] saw its stock fall -2.65% to $29.00. Over the last five days, the stock has lost -3.24%. Antero Resources Corp shares have risen nearly 27.87% since the year began. Nevertheless, the stocks have risen 21.95% over the past one year. While a 52-week high of $30.90 was reached on 04/12/24, a 52-week low of $19.91 was recorded on 02/14/24. SMA at 50 days reached $26.06, while 200 days put it at $25.33. A total of 3.2 million shares were traded, compared to the trading of 3.7 million shares in the previous session.
Levels Of Support And Resistance For AR Stock
The 24-hour chart illustrates a support level at 28.54, which if violated will result in even more drops to 28.08. On the upside, there is a resistance level at 29.76. A further resistance level may holdings at 30.51. The Relative Strength Index (RSI) on the 14-day chart is 58.21, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.28, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 49.31%. Stochastics %K at 69.67% indicates the stock is a holding.
