Antero Resources Corp’s recently made public that its Director CLARK ROBERT J unloaded Company’s shares for reported $0.34 million on May 01 ’24. In the deal valued at $33.67 per share,10,000 shares were sold. As a result of this transaction, CLARK ROBERT J now holds 69,963 shares worth roughly $2.4 million.
Then, Keenan W Howard JR sold 232,293 shares, generating $6,004,774 in total proceeds. Upon selling the shares at $25.85, the Director now owns 3,000,000 shares.
Before that, Keenan W Howard JR sold 560,729 shares. Antero Resources Corp shares valued at $14,747,173 were divested by the Director at a price of $26.30 per share. As a result of the transaction, Keenan W Howard JR now holds 3,232,293 shares, worth roughly $111.0 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 3.62% to $34.34. Over the last five days, the stock has gained 0.12%. Antero Resources Corp shares have risen nearly 51.41% since the year began. Nevertheless, the stocks have risen 70.85% over the past one year. While a 52-week high of $34.69 was reached on 04/30/24, a 52-week low of $19.91 was recorded on 02/14/24. SMA at 50 days reached $28.81, while 200 days put it at $25.98. A total of 3.77 million shares were traded, compared to the trading of 5.81 million shares in the previous session.
Levels Of Support And Resistance For AR Stock
The 24-hour chart illustrates a support level at 33.77, which if violated will result in even more drops to 33.20. On the upside, there is a resistance level at 34.65. A further resistance level may holdings at 34.95. The Relative Strength Index (RSI) on the 14-day chart is 72.63, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.35, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.90%. Stochastics %K at 79.86% indicates the stock is a holding.
