Alpha Metallurgical Resources Inc’s filing revealed that its Director Gorzynski Michael acquired Company’s shares for reported $4.43 million on Mar 15 ’24. In the deal valued at $295.65 per share,15,000 shares were bought. As a result of this transaction, Gorzynski Michael now holds 605,449 shares worth roughly $184.4 million.
Then, Courtis Kenneth S. sold 25,000 shares, generating $7,462,584 in total proceeds. Upon selling the shares at $298.50, the Director now owns 613,234 shares.
Before that, Courtis Kenneth S. sold 22,802 shares. Alpha Metallurgical Resources Inc shares valued at $6,904,655 were divested by the Director at a price of $302.81 per share. As a result of the transaction, Courtis Kenneth S. now holds 638,234 shares, worth roughly $194.39 million.
TD Cowen downgraded its Alpha Metallurgical Resources Inc [AMR] rating to a Market perform from a an Outperform in a research note published on August 21, 2023; the price target was decreased to $194 from $200. A number of analysts have revised their coverage, including Cowen’s analysts, who began to cover the stock in mid July with a ‘”an Outperform”‘ rating. B. Riley Securities also remained covering AMR and has increased its forecast on March 10, 2022 with a “Buy” recommendation from previously “Neutral” rating.
Price Performance Review of AMR
On Tuesday, Alpha Metallurgical Resources Inc [NYSE:AMR] saw its stock jump 2.67% to $304.57. Over the last five days, the stock has lost -6.89%. Alpha Metallurgical Resources Inc shares have fallen nearly -10.14% since the year began. Nevertheless, the stocks have risen 107.02% over the past one year. While a 52-week high of $452.00 was reached on 02/27/24, a 52-week low of $132.72 was recorded on 03/15/24. SMA at 50 days reached $334.17, while 200 days put it at $289.11. A total of 0.22 million shares were traded, compared to the trading of 0.44 million shares in the previous session.
Levels Of Support And Resistance For AMR Stock
The 24-hour chart illustrates a support level at 299.02, which if violated will result in even more drops to 293.48. On the upside, there is a resistance level at 311.83. A further resistance level may holdings at 319.10. The Relative Strength Index (RSI) on the 14-day chart is 40.65, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -15.76, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.71%. Stochastics %K at 20.41% indicates the stock is a holding.