Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Atmos Energy Corp. shares valued at $47,200 were sold by WALTERS DIANA J on May 16 ’24. At $118.00 per share, WALTERS DIANA J sold 400 shares. The insider’s holdings dropped to 3,551 shares worth approximately $0.48 million following the completion of this transaction.
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Also, COCKLIN KIM R sold 15,000 shares, netting a total of over 1,746,850 in proceeds. Following the sale of shares at $116.46 each, the insider now holds 186,339 shares.
Before that, THOMAS RICHARD M had sold 1,750 shares from its account. In a trade valued at $199,850, the VICE PRESIDENT & CONTROLLER traded Atmos Energy Corp. shares for $114.20 each. Upon closing the transaction, the insider’s holdings decreased to 1,750 shares, worth approximately $0.36 million.
As published in their initiating research note from Ladenburg Thalmann on September 09, 2024, Atmos Energy Corp. [ATO] has been a Buy and the price target has been revised to $144. Analysts at Wells Fargo upgraded the stock from ‘”an Equal weight”‘ to ‘”an Overweight”‘ outlook in a report released in mid May. As of April 12, 2024, UBS has initiated its “Neutral” rating for ATO. Earlier on August 28, 2023, Wells Fargo downgraded its rating. Their new recommendation was “an Equal weight” for ATO stock which previously was a “an Overweight”.
Analyzing ATO Stock Performance
During the last five days, there has been a surge of approximately 1.10%. Over the course of the year, Atmos Energy Corp. shares have jumped approximately 17.56%. Shares of the company reached a 52-week high of $138.78 on 09/17/24 and a 52-week low of $110.46 on 02/13/24. A 50-day SMA is recorded $129.08, while a 200-day SMA reached $118.90. Nevertheless, trading volume fell to 1.02 million shares from 0.74 million shares the previous day.
Support And Resistance Levels for Atmos Energy Corp. (ATO)
According to the 24-hour chart, there is a support level at 135.18, which, if violated, would cause prices to drop to 134.10. In the upper region, resistance lies at 137.10. The next price resistance is at 137.94. RSI (Relative Strength Index) is 65.39 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.50, which suggests the price will increase in the coming days. Percent R is at 25.76%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
