In a filing, Arch Resources Inc revealed its Director Butcher Pamela R acquired Company’s shares for reported $33000.0 on Mar 13 ’24. In the deal valued at $165.00 per share,200 shares were bought. As a result of this transaction, Butcher Pamela R now holds 200 shares worth roughly $33184.0.
Then, EAVES JOHN W sold 12,609 shares, generating $2,348,048 in total proceeds. Upon selling the shares at $186.22, the Executive Chairman now owns 124,116 shares.
Before that, CHAPMAN JAMES N sold 2,005 shares. Arch Resources Inc shares valued at $369,080 were divested by the Director at a price of $184.08 per share. As a result of the transaction, CHAPMAN JAMES N now holds 1,219 shares, worth roughly $0.2 million.
BMO Capital Markets downgraded its Arch Resources Inc [ARCH] rating to a Market perform from a an Outperform in a research note published on April 10, 2024; the price target was decreased to $165 from $180. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in early June from “a Hold” to “a Buy”. Citigroup also remained covering ARCH and has increased its forecast on September 29, 2021 with a “Buy” recommendation from previously “Neutral” rating. Citigroup started covering the stock on March 05, 2021. It rated ARCH as “a Neutral”.
Price Performance Review of ARCH
On Tuesday, Arch Resources Inc [NYSE:ARCH] saw its stock jump 5.08% to $165.92. Over the last five days, the stock has gained 6.15%. Arch Resources Inc shares have risen nearly 0.82% since the year began. Nevertheless, the stocks have risen 35.63% over the past one year. While a 52-week high of $187.60 was reached on 03/08/24, a 52-week low of $98.22 was recorded on 04/05/24. SMA at 50 days reached $165.43, while 200 days put it at $153.85. A total of 0.44 million shares were traded, compared to the trading of 0.25 million shares in the previous session.
Levels Of Support And Resistance For ARCH Stock
The 24-hour chart illustrates a support level at 159.65, which if violated will result in even more drops to 153.38. On the upside, there is a resistance level at 169.35. A further resistance level may holdings at 172.78. The Relative Strength Index (RSI) on the 14-day chart is 57.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.44, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.58%. Stochastics %K at 64.46% indicates the stock is a holding.
The most recent change occurred on October 23, 2020 when The Benchmark Company resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $54.
