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Taking a Closer Look At Antero Midstream Corp (AM) Following Its Recent Trade

Antero Midstream Corp’s filing revealed that its insider Pearce Sheri unloaded Company’s shares for reported $0.34 million on Aug 21 ’24. In the deal valued at $14.59 per share,23,518 shares were sold. As a result of this transaction, Pearce Sheri now holds 130,349 shares worth roughly $1.97 million.

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Then, Pearce Sheri sold 16,394 shares, generating $224,106 in total proceeds. Upon selling the shares at $13.67, the insider now owns 170,266 shares.

Tudor Pickering Holt & Co. downgraded its Antero Midstream Corp [AM] rating to a Hold from a a Buy in a research note published on March 12, 2024; the price target was increased to $13 from $12. Pickering Energy Partners began covering AM with “an Outperform” recommendation on October 03, 2023. UBS started covering the stock on May 10, 2023. It rated AM as “a Buy”.

Price Performance Review of AM

On Tuesday, Antero Midstream Corp [NYSE:AM] saw its stock fall -0.40% to $15.10. Over the last five days, the stock has gained 0.33%. Antero Midstream Corp shares have risen nearly 20.51% since the year began. Nevertheless, the stocks have risen 26.89% over the past one year. While a 52-week high of $15.21 was reached on 09/24/24, a 52-week low of $11.50 was recorded on 02/14/24. SMA at 50 days reached $14.50, while 200 days put it at $13.79.

Levels Of Support And Resistance For AM Stock

The 24-hour chart illustrates a support level at 15.00, which if violated will result in even more drops to 14.89. On the upside, there is a resistance level at 15.25. A further resistance level may holdings at 15.40. The Relative Strength Index (RSI) on the 14-day chart is 59.33, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 16.17%. Stochastics %K at 82.30% indicates the stock is a selling.

How much short interest is there in Antero Midstream Corp?

A steep rise in short interest was recorded in Antero Midstream Corp stocks on 2024-08-30, dropping by -3.32 million shares to a total of 9.54 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 12.85 million shares. There was a decline of -34.79%, which implies that there is a negative sentiment for the stock.

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