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ARCH stock rated a Neutral by Citigroup

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In a filing, Arch Resources Inc revealed its Director Butcher Pamela R acquired Company’s shares for reported $33000.0 on Mar 13 ’24. In the deal valued at $165.00 per share,200 shares were bought. As a result of this transaction, Butcher Pamela R now holds 200 shares worth roughly $32256.0.

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Then, EAVES JOHN W sold 12,609 shares, generating $2,348,048 in total proceeds. Upon selling the shares at $186.22, the Executive Chairman now owns 124,116 shares.

Before that, CHAPMAN JAMES N sold 2,005 shares. Arch Resources Inc shares valued at $369,080 were divested by the Director at a price of $184.08 per share. As a result of the transaction, CHAPMAN JAMES N now holds 1,219 shares, worth roughly $0.2 million.

Citigroup downgraded its Arch Resources Inc [ARCH] rating to a Neutral from a a Buy in a research note published on April 18, 2024; the price target was decreased to $170 from $185. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who decreased its forecast for the stock in early April from “an Outperform” to “a Market perform”. Jefferies also remained covering ARCH and has increased its forecast on June 07, 2022 with a “Buy” recommendation from previously “Hold” rating. Citigroup revised its rating on September 29, 2021. It rated ARCH as “a Buy” which previously was an “a Neutral”.

Price Performance Review of ARCH

On Tuesday, Arch Resources Inc [NYSE:ARCH] saw its stock fall -1.83% to $161.28. Over the last five days, the stock has lost -4.37%. Arch Resources Inc shares have fallen nearly -1.50% since the year began. Nevertheless, the stocks have risen 48.35% over the past one year. While a 52-week high of $186.65 was reached on 03/08/24, a 52-week low of $103.29 was recorded on 06/25/24. SMA at 50 days reached $161.94, while 200 days put it at $162.94. A total of 0.2 million shares were traded, compared to the trading of 0.2 million shares in the previous session.

Levels Of Support And Resistance For ARCH Stock

The 24-hour chart illustrates a support level at 160.14, which if violated will result in even more drops to 159.00. On the upside, there is a resistance level at 163.49. A further resistance level may holdings at 165.70. The Relative Strength Index (RSI) on the 14-day chart is 51.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.77, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 42.56%. Stochastics%K at 64.86% indicates the stock is a holding.

The most recent change occurred on March 05, 2021 when Citigroup began covering the stock and recommended ‘”a Neutral”‘ rating.

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