Aris Water Solutions Inc’s recent filing unveils that its President and CEO Brock Amanda M unloaded Company’s shares for reported $0.5 million on May 14 ’24. In the deal valued at $16.64 per share,30,000 shares were sold. As a result of this transaction, Brock Amanda M now holds 457,909 shares worth roughly $7.32 million.
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Then, Brock Amanda M sold 62,054 shares, generating $1,019,547 in total proceeds. Upon selling the shares at $16.43, the President and CEO now owns 487,909 shares.
Before that, Brock Amanda M sold 107,946 shares. Aris Water Solutions Inc shares valued at $1,797,301 were divested by the President and CEO at a price of $16.65 per share. As a result of the transaction, Brock Amanda M now holds 549,963 shares, worth roughly $8.79 million.
Seaport Research Partners initiated its Aris Water Solutions Inc [ARIS] rating to a Buy in a research note published on December 13, 2023; the price target was $15. Wells Fargo also remained covering ARIS and has decreased its forecast on December 16, 2022 with a “an Equal weight” recommendation from previously “an Overweight” rating. Citigroup started covering the stock on December 09, 2022. It rated ARIS as “a Buy”.
Price Performance Review of ARIS
On Tuesday, Aris Water Solutions Inc [NYSE:ARIS] saw its stock fall -1.84% to $15.99. Over the last five days, the stock has lost -4.25%. Aris Water Solutions Inc shares have risen nearly 90.58% since the year began. Nevertheless, the stocks have risen 70.29% over the past one year. While a 52-week high of $17.27 was reached on 05/08/24, a 52-week low of $7.22 was recorded on 01/19/24. SMA at 50 days reached $14.65, while 200 days put it at $10.66. A total of 0.43 million shares were traded, compared to the trading of 0.36 million shares in the previous session.
Levels Of Support And Resistance For ARIS Stock
The 24-hour chart illustrates a support level at 15.75, which if violated will result in even more drops to 15.52. On the upside, there is a resistance level at 16.33. A further resistance level may holdings at 16.68. The Relative Strength Index (RSI) on the 14-day chart is 56.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 37.79%. Stochastics %K at 72.24% indicates the stock is a holding.
