The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Atmos Energy Corp. shares valued at $1,746,850 were sold by COCKLIN KIM R on Mar 27 ’24. At $116.46 per share, COCKLIN KIM R sold 15,000 shares. The insider’s holdings dropped to 186,339 shares worth approximately $21.35 million following the completion of this transaction.
Also, THOMAS RICHARD M sold 1,750 shares, netting a total of over 199,850 in proceeds. Following the sale of shares at $114.20 each, the insider now holds 2,650 shares.
Before that, COCKLIN KIM R had sold 12,500 shares from its account. In a trade valued at $1,387,416, the Director traded Atmos Energy Corp. shares for $110.99 each. Upon closing the transaction, the insider’s holdings decreased to 12,500 shares, worth approximately $22.91 million.
As published in their initiating research note from UBS on April 12, 2024, Atmos Energy Corp. [ATO] has been a Neutral and the price target has been revised to $124. Analysts at Wells Fargo downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in late August. As of August 23, 2023, Barclays has initiated its “an Equal weight” rating for ATO. Earlier on May 13, 2022, Goldman downgraded its rating. Their new recommendation was “a Neutral” for ATO stock which previously was a “a Buy”.
Analyzing ATO Stock Performance
During the last five days, there has been a surge of approximately 0.17%. Over the course of the year, Atmos Energy Corp. shares have dropped approximately -1.15%. Shares of the company reached a 52-week high of $119.36 on 04/01/24 and a 52-week low of $110.46 on 02/13/24. A 50-day SMA is recorded $114.86, while a 200-day SMA reached $114.43. Nevertheless, trading volume fell to 0.56 million shares from 0.97 million shares the previous day.
Support And Resistance Levels for Atmos Energy Corp. (ATO)
According to the 24-hour chart, there is a support level at 114.04, which, if violated, would cause prices to drop to 113.51. In the upper region, resistance lies at 115.09. The next price resistance is at 115.61. RSI (Relative Strength Index) is 46.74 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.60, which suggests the price will decrease in the coming days. Percent R is at 57.09%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
