Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Anterix Inc shares valued at $537,645 were sold by Gray Timothy on May 03 ’24. At $32.26 per share, Gray Timothy sold 16,666 shares. The insider’s holdings dropped to 90,475 shares worth approximately $3.28 million following the completion of this transaction.
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Also, Gray Timothy sold 16,667 shares, netting a total of over 534,964 in proceeds. Following the sale of shares at $32.10 each, the insider now holds 90,475 shares.
Before that, Gray Timothy had sold 16,667 shares from its account. In a trade valued at $531,844, the Chief Financial Officer traded Anterix Inc shares for $31.91 each. Upon closing the transaction, the insider’s holdings decreased to 16,667 shares, worth approximately $3.28 million.
As published in a research note from JP Morgan on February 17, 2021, Anterix Inc [ATEX] has been rated up from a Neutral to an Overweight and the price target has been revised to $50 from $40. Analysts at JP Morgan upgraded the stock from ‘”an Underweight”‘ to ‘”a Neutral”‘ outlook in a report released in early February. As of November 18, 2020, JP Morgan has decreased its “Neutral” rating to a “an Underweight” for ATEX. Earlier on February 03, 2020, JP Morgan initiated its rating. Their recommendation was “a Neutral” for ATEX stock.
Analyzing ATEX Stock Performance
During the last five days, there has been a surge of approximately 3.45%. Over the course of the year, Anterix Inc shares have jumped approximately 8.82%. Shares of the company reached a 52-week high of $42.41 on 07/16/24 and a 52-week low of $29.12 on 01/19/24. A 50-day SMA is recorded $38.38, while a 200-day SMA reached $34.42. Nevertheless, trading volume fell to 0.25 million shares from 0.21 million shares the previous day.
Support And Resistance Levels for Anterix Inc (ATEX)
According to the 24-hour chart, there is a support level at 35.86, which, if violated, would cause prices to drop to 35.46. In the upper region, resistance lies at 36.64. The next price resistance is at 37.02. RSI (Relative Strength Index) is 44.15 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.97, which suggests the price will decrease in the coming days. Percent R is at 58.98%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
