Arch Resources Inc’s filing revealed that 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 $25396.0.
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Then, CHAPMAN JAMES N sold 2,005 shares, generating $369,080 in total proceeds. Upon selling the shares at $184.08, the Director now owns 1,219 shares.
Before that, Ziegler John A. sold 15,000 shares. Arch Resources Inc shares valued at $2,762,209 were divested by the Sr. VP & Chief Admin Officer at a price of $184.15 per share. As a result of the transaction, Ziegler John A. now holds 18,618 shares, worth roughly $2.36 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 jump 3.11% to $126.98. Over the last five days, the stock has gained 0.19%. Arch Resources Inc shares have fallen nearly -22.45% since the year began. Nevertheless, the stocks have risen 3.07% over the past one year. While a 52-week high of $186.65 was reached on 03/08/24, a 52-week low of $116.44 was recorded on 08/22/24. SMA at 50 days reached $144.37, while 200 days put it at $160.16.
Levels Of Support And Resistance For ARCH Stock
The 24-hour chart illustrates a support level at 122.61, which if violated will result in even more drops to 118.24. On the upside, there is a resistance level at 130.22. A further resistance level may holdings at 133.46. The Relative Strength Index (RSI) on the 14-day chart is 41.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 45.30%. Stochastics%K at 44.61% indicates the stock is a holding.
How much short interest is there in Arch Resources Inc?
A steep rise in short interest was recorded in Arch Resources Inc stocks on 2024-07-31, dropping by 57102.0 shares to a total of 0.94 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 0.99 million shares. There was a decline of -6.1%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on March 05, 2021 when Citigroup began covering the stock and recommended ‘”a Neutral”‘ rating.
