Alpha Metallurgical Resources Inc’s recently made public that its Director Gorzynski Michael acquired Company’s shares for reported $4.43 million on Mar 15 ’24. In the deal valued at $295.65 per share,15,000 shares were bought. As a result of this transaction, Gorzynski Michael now holds 605,449 shares worth roughly $211.4 million.
Then, Courtis Kenneth S. sold 25,000 shares, generating $7,462,584 in total proceeds. Upon selling the shares at $298.50, the Director now owns 613,234 shares.
Before that, Courtis Kenneth S. sold 22,802 shares. Alpha Metallurgical Resources Inc shares valued at $6,904,655 were divested by the Director at a price of $302.81 per share. As a result of the transaction, Courtis Kenneth S. now holds 638,234 shares, worth roughly $222.85 million.
TD Cowen downgraded its Alpha Metallurgical Resources Inc [AMR] rating to a Market perform from a an Outperform in a research note published on August 21, 2023; the price target was decreased to $194 from $200. A number of analysts have revised their coverage, including Cowen’s analysts, who began to cover the stock in mid July with a ‘”an Outperform”‘ rating. B. Riley Securities also remained covering AMR and has increased its forecast on March 10, 2022 with a “Buy” recommendation from previously “Neutral” rating.
Price Performance Review of AMR
On Tuesday, Alpha Metallurgical Resources Inc [NYSE:AMR] saw its stock jump 7.50% to $349.17. Over the last five days, the stock has gained 8.23%. Alpha Metallurgical Resources Inc shares have risen nearly 3.02% since the year began. Nevertheless, the stocks have risen 112.25% over the past one year. While a 52-week high of $452.00 was reached on 02/27/24, a 52-week low of $132.72 was recorded on 03/15/24. SMA at 50 days reached $349.67, while 200 days put it at $276.50. A total of 0.27 million shares were traded, compared to the trading of 0.13 million shares in the previous session.
Levels Of Support And Resistance For AMR Stock
The 24-hour chart illustrates a support level at 326.20, which if violated will result in even more drops to 303.22. On the upside, there is a resistance level at 360.95. A further resistance level may holdings at 372.72. The Relative Strength Index (RSI) on the 14-day chart is 58.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 10.65, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.36%. Stochastics %K at 70.72% indicates the stock is a holding.
