Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Atlas Energy Solutions Inc. shares valued at $371,795 were sold by Schmidt Richard W on Mar 26 ’24. At $22.21 per share, Schmidt Richard W sold 16,740 shares. The insider’s holdings dropped to 1,102,813 shares worth approximately $24.78 million following the completion of this transaction.
Also, Schmidt Richard W sold 21,043 shares, netting a total of over 472,205 in proceeds. Following the sale of shares at $22.44 each, the insider now holds 1,119,553 shares.
Before that, Ginn Kirk Edwards had sold 1,562 shares from its account. In a trade valued at $33,950, the Member of 10% Owner Group traded Atlas Energy Solutions Inc. shares for $21.73 each. Upon closing the transaction, the insider’s holdings decreased to 1,562 shares, worth approximately $10.77 million.
Analysts at Johnson Rice started covering the stock with ‘”a Buy”‘ outlook in a report released in mid April. As of April 04, 2023, CapitalOne has initiated its “an Overweight” rating for AESI. Earlier on April 03, 2023, RBC Capital Mkts initiated its rating. Their recommendation was “an Outperform” for AESI stock.
Analyzing AESI Stock Performance
During the last five days, there has been a surge of approximately 2.28%. Over the course of the year, Atlas Energy Solutions Inc. shares have jumped approximately 30.84%. Shares of the company reached a 52-week high of $24.03 on 04/12/24 and a 52-week low of $15.55 on 01/17/24. A 50-day SMA is recorded $21.17, while a 200-day SMA reached $19.69. Nevertheless, trading volume fell to 0.74 million shares from 0.46 million shares the previous day.
Support And Resistance Levels for Atlas Energy Solutions Inc. (AESI)
According to the 24-hour chart, there is a support level at 22.14, which, if violated, would cause prices to drop to 21.81. In the upper region, resistance lies at 22.91. The next price resistance is at 23.35. RSI (Relative Strength Index) is 53.96 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.38, which suggests the price will decrease in the coming days. Percent R is at 65.82%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
