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Recent Insider Activity Suggests Potential Gains for Atmos Energy Corp. (ATO)

Atmos Energy Corp.’s recent filing unveils that its Director COCKLIN KIM R unloaded Company’s shares for reported $1.75 million on Mar 27 ’24. In the deal valued at $116.46 per share,15,000 shares were sold. As a result of this transaction, COCKLIN KIM R now holds 186,339 shares worth roughly $21.84 million.

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Then, THOMAS RICHARD M sold 1,750 shares, generating $199,850 in total proceeds. Upon selling the shares at $114.20, the VICE PRESIDENT & CONTROLLER now owns 2,650 shares.

Before that, COCKLIN KIM R sold 12,500 shares. Atmos Energy Corp. shares valued at $1,387,416 were divested by the Director at a price of $110.99 per share. As a result of the transaction, COCKLIN KIM R now holds 199,972 shares, worth roughly $23.43 million.

UBS initiated its Atmos Energy Corp. [ATO] rating to a Neutral in a research note published on April 12, 2024; the price target was $124. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in late August from “an Overweight” to “an Equal weight”. Barclays began covering ATO with “an Equal weight” recommendation on August 23, 2023. Goldman revised its rating on May 13, 2022. It rated ATO as “a Neutral” which previously was an “a Buy”.

Price Performance Review of ATO

On Friday, Atmos Energy Corp. [NYSE:ATO] saw its stock fall -2.10% to $117.18. Over the last five days, the stock has lost -1.79%. Atmos Energy Corp. shares have risen nearly 1.10% since the year began. Nevertheless, the stocks have fallen -1.79% over the past one year. While a 52-week high of $125.28 was reached on 05/09/24, a 52-week low of $101.00 was recorded on 02/13/24. SMA at 50 days reached $116.61, while 200 days put it at $114.28. A total of 2.93 million shares were traded, compared to the trading of 1.88 million shares in the previous session.

Levels Of Support And Resistance For ATO Stock

The 24-hour chart illustrates a support level at 116.10, which if violated will result in even more drops to 115.02. On the upside, there is a resistance level at 119.02. A further resistance level may holdings at 120.86. The Relative Strength Index (RSI) on the 14-day chart is 47.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.42, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.71%. Stochastics %K at 60.74% indicates the stock is a holding.

The most recent change occurred on April 26, 2022 when Credit Suisse began covering the stock and recommended ‘”an Outperform”‘ rating along with a $133 price target.

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