Atlas Energy Solutions Inc.’s recent filing unveils that its Member of 10% Owner Group McEver Chad M. unloaded Company’s shares for reported $2.46 million on May 21 ’24. In the deal valued at $24.55 per share,100,000 shares were sold. As a result of this transaction, McEver Chad M. now holds 451,755 shares worth roughly $9.6 million.
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Then, Schmidt Richard W sold 88,600 shares, generating $2,050,204 in total proceeds. Upon selling the shares at $23.14, the Member of 10% Owner Group now owns 894,715 shares.
Before that, Schmidt Richard W sold 45,948 shares. Atlas Energy Solutions Inc. shares valued at $1,059,561 were divested by the Member of 10% Owner Group at a price of $23.06 per share. As a result of the transaction, Schmidt Richard W now holds 983,315 shares, worth roughly $20.9 million.
The Benchmark Company initiated its Atlas Energy Solutions Inc. [AESI] rating to a Buy in a research note published on May 23, 2024; the price target was $27. Johnson Rice began covering AESI with “Buy” recommendation on April 12, 2023. CapitalOne started covering the stock on April 04, 2023. It rated AESI as “an Overweight”.
Price Performance Review of AESI
On Monday, Atlas Energy Solutions Inc. [NYSE:AESI] saw its stock jump 0.09% to $21.25. Over the last five days, the stock has lost -7.53%. Atlas Energy Solutions Inc. shares have risen nearly 24.06% since the year began. Nevertheless, the stocks have risen 19.23% over the past one year. While a 52-week high of $24.93 was reached on 05/21/24, a 52-week low of $15.47 was recorded on 01/17/24. SMA at 50 days reached $22.92, while 200 days put it at $20.17. A total of 1.64 million shares were traded, compared to the trading of 0.86 million shares in the previous session.
Levels Of Support And Resistance For AESI Stock
The 24-hour chart illustrates a support level at 21.06, which if violated will result in even more drops to 20.87. On the upside, there is a resistance level at 21.61. A further resistance level may holdings at 21.97. The Relative Strength Index (RSI) on the 14-day chart is 35.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.63, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.62%. Stochastics %K at 16.98% indicates the stock is a buying.
The most recent change occurred on April 03, 2023 when RBC Capital Mkts began covering the stock and recommended ‘”an Outperform”‘ rating along with a $25 price target.
