Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Atlas Energy Solutions Inc. shares valued at $2,455,000 were sold by McEver Chad M. on May 21 ’24. At $24.55 per share, McEver Chad M. sold 100,000 shares. The insider’s holdings dropped to 451,755 shares worth approximately $9.87 million following the completion of this transaction.
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Also, Schmidt Richard W sold 88,600 shares, netting a total of over 2,050,204 in proceeds. Following the sale of shares at $23.14 each, the insider now holds 894,715 shares.
Before that, Schmidt Richard W had sold 45,948 shares from its account. In a trade valued at $1,059,561, the Member of 10% Owner Group traded Atlas Energy Solutions Inc. shares for $23.06 each. Upon closing the transaction, the insider’s holdings decreased to 45,948 shares, worth approximately $21.49 million.
As published in their initiating research note from The Benchmark Company on May 23, 2024, Atlas Energy Solutions Inc. [AESI] has been a Buy and the price target has been revised to $27. As of April 12, 2023, Johnson Rice has initiated its “Buy” rating for AESI. Earlier on April 04, 2023, CapitalOne initiated its rating. Their recommendation was “an Overweight” for AESI stock.
Analyzing AESI Stock Performance
During the last five days, there has been a drop of approximately -9.15%. Over the course of the year, Atlas Energy Solutions Inc. shares have jumped approximately 27.56%. Shares of the company reached a 52-week high of $24.93 on 05/21/24 and a 52-week low of $15.55 on 01/17/24. A 50-day SMA is recorded $22.97, while a 200-day SMA reached $20.18. Nevertheless, trading volume fell to 0.86 million shares from 2.6 million shares the previous day.
Support And Resistance Levels for Atlas Energy Solutions Inc. (AESI)
According to the 24-hour chart, there is a support level at 21.69, which, if violated, would cause prices to drop to 21.52. In the upper region, resistance lies at 22.15. The next price resistance is at 22.44. RSI (Relative Strength Index) is 39.64 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.50, which suggests the price will decrease in the coming days. Percent R is at 73.33%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
