In a filing, Antero Resources Corp revealed 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 $91.11 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 $3.24 million.
Morgan Stanley upgraded its Antero Resources Corp [AR] rating to an Overweight from a an Equal-weight in a research note published on April 17, 2024; the price target was increased to $36 from $26. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in early April with a ‘”an Equal weight”‘ rating. JP Morgan also remained covering AR and has increased its forecast on March 20, 2024 with a “an Overweight” recommendation from previously “Neutral” rating. The Benchmark Company revised its rating on February 22, 2024. It rated AR as “a Hold” which previously was an “a Buy”.
Price Performance Review of AR
On Monday, Antero Resources Corp [NYSE:AR] saw its stock jump 3.69% to $30.37. Over the last five days, the stock has gained 4.72%. Antero Resources Corp shares have risen nearly 33.91% since the year began. Nevertheless, the stocks have risen 33.61% 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 $26.84, while 200 days put it at $25.50. A total of 5.34 million shares were traded, compared to the trading of 3.53 million shares in the previous session.
Levels Of Support And Resistance For AR Stock
The 24-hour chart illustrates a support level at 29.37, which if violated will result in even more drops to 28.37. On the upside, there is a resistance level at 31.06. A further resistance level may holdings at 31.74. The Relative Strength Index (RSI) on the 14-day chart is 67.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 15.64%. Stochastics %K at 52.20% indicates the stock is a holding.
