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. Alpha Metallurgical Resources Inc shares valued at $1,042,550 were sold by Nicholson Roger Lee on May 14 ’24. At $290.16 per share, Nicholson Roger Lee sold 3,593 shares. The insider’s holdings dropped to 6,127 shares worth approximately $1.97 million following the completion of this transaction.
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Also, Gorzynski Michael purchased 15,000 shares, netting a total of over 4,434,702 in proceeds. Following the buying of shares at $295.65 each, the insider now holds 605,449 shares.
Before that, Courtis Kenneth S. had sold 25,000 shares from its account. In a trade valued at $7,462,584, the Director traded Alpha Metallurgical Resources Inc shares for $298.50 each. Upon closing the transaction, the insider’s holdings decreased to 25,000 shares, worth approximately $197.15 million.
As published in a research note from TD Cowen on August 21, 2023, Alpha Metallurgical Resources Inc [AMR] has been rated down from an Outperform to a Market perform and the price target has been revised to $194 from $200. Analysts at Cowen started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid July. As of March 10, 2022, B. Riley Securities has increased its “Neutral” rating to a “Buy” for AMR.
Analyzing AMR Stock Performance
During the last five days, there has been a surge of approximately 14.30%. Over the course of the year, Alpha Metallurgical Resources Inc shares have dropped approximately -5.14%. Shares of the company reached a 52-week high of $452.00 on 02/27/24 and a 52-week low of $274.00 on 06/26/24. A 50-day SMA is recorded $305.41, while a 200-day SMA reached $309.59. Nevertheless, trading volume fell to 0.11 million shares from 0.33 million shares the previous day.
Support And Resistance Levels for Alpha Metallurgical Resources Inc (AMR)
According to the 24-hour chart, there is a support level at 315.77, which, if violated, would cause prices to drop to 310.77. In the upper region, resistance lies at 330.25. The next price resistance is at 339.73. RSI (Relative Strength Index) is 59.89 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 29.46, which suggests the price will increase in the coming days. Percent R is at 22.96%, indicating bullish price movement. Stochastics%K at selling indicates that the stock is to be held.
