Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Alliance Resource Partners, LP shares valued at $691,571 were sold by Mowry Kathleen on Dec 06 ’23. At $20.05 per share, Mowry Kathleen sold 34,492 shares. The insider’s holdings dropped to 16,167,865 shares worth approximately $365.56 million following the completion of this transaction.
Also, Mowry Kathleen sold 33,087 shares, netting a total of over 682,095 in proceeds. Following the sale of shares at $20.62 each, the insider now holds 16,202,357 shares.
Before that, Mowry Kathleen had sold 19,826 shares from its account. In a trade valued at $417,629, the 10% Owner traded Alliance Resource Partners, LP shares for $21.06 each. Upon closing the transaction, the insider’s holdings decreased to 19,826 shares, worth approximately $367.08 million.
As published in their initiating research note from Noble Capital Markets on March 30, 2022, Alliance Resource Partners, LP [ARLP] has been an Outperform and the price target has been revised to $22. As of February 04, 2020, The Benchmark Company has initiated its “Buy” rating for ARLP. Earlier on August 19, 2019, JP Morgan downgraded its rating. Their new recommendation was “a Neutral” for ARLP stock which previously was a “an Overweight”.
Analyzing ARLP Stock Performance
During the last five days, there has been a surge of approximately 6.75%. Over the course of the year, Alliance Resource Partners, LP shares have jumped approximately 6.75%. Shares of the company reached a 52-week high of $23.69 on 04/29/24 and a 52-week low of $18.32 on 03/05/24. A 50-day SMA is recorded $20.25, while a 200-day SMA reached $20.80. Nevertheless, trading volume fell to 0.75 million shares from 0.53 million shares the previous day.
Support And Resistance Levels for Alliance Resource Partners, LP (ARLP)
According to the 24-hour chart, there is a support level at 22.33, which, if violated, would cause prices to drop to 22.06. In the upper region, resistance lies at 22.95. The next price resistance is at 23.30. RSI (Relative Strength Index) is 77.52 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.01, which suggests the price will increase in the coming days. Percent R is at 34.84%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
