The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Aris Water Solutions Inc shares valued at $20,450 were purchased by Hernandez Jacinto J on Dec 13 ’23. At $7.42 per share, Hernandez Jacinto J acquired 2,756 shares. The insider’s holdings grew to 21,072 shares worth approximately $0.36 million following the completion of this transaction.
As published in their initiating research note from Seaport Research Partners on December 13, 2023, Aris Water Solutions Inc [ARIS] has been a Buy and the price target has been revised to $15. As of December 16, 2022, Wells Fargo has decreased its “an Overweight” rating to a “an Equal weight” for ARIS. Earlier on December 09, 2022, Citigroup initiated its rating. Their recommendation was “a Buy” for ARIS stock.
Analyzing ARIS Stock Performance
During the last five days, there has been a surge of approximately 18.64%. Over the course of the year, Aris Water Solutions Inc shares have jumped approximately 101.07%. Shares of the company reached a 52-week high of $17.27 on 05/08/24 and a 52-week low of $7.74 on 01/19/24. A 50-day SMA is recorded $13.93, while a 200-day SMA reached $10.44. Nevertheless, trading volume fell to 0.61 million shares from 1.09 million shares the previous day.
Support And Resistance Levels for Aris Water Solutions Inc (ARIS)
According to the 24-hour chart, there is a support level at 16.64, which, if violated, would cause prices to drop to 16.41. In the upper region, resistance lies at 17.16. The next price resistance is at 17.45. RSI (Relative Strength Index) is 73.41 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.62, which suggests the price will increase in the coming days. Percent R is at 11.19%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
