Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Atlas Energy Solutions Inc. shares valued at $166,620 were sold by Hock Stacy on Sep 11 ’24. At $19.44 per share, Hock Stacy sold 8,571 shares. The insider’s holdings dropped to 943,317 shares worth approximately $21.03 million following the completion of this transaction.
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Also, Hock Stacy sold 8,571 shares, netting a total of over 173,306 in proceeds. Following the sale of shares at $20.22 each, the insider now holds 951,888 shares.
Before that, SHEPARD GREGORY M had added 3,248 shares to its account. In a trade valued at $70,417, the Member of 10% Owner Group bought Atlas Energy Solutions Inc. shares for $21.68 each. Upon closing the transaction, the insider’s holdings increased to 3,248 shares, worth approximately $167.25 million.
As published in their initiating research note from Tudor Pickering Holt & Co. on June 24, 2024, Atlas Energy Solutions Inc. [AESI] has been a Buy. Analysts at The Benchmark Company started covering the stock with ‘”a Buy”‘ outlook in a report released in late May. Earlier on April 12, 2023, Johnson Rice initiated its rating. Their recommendation was “a Buy” for AESI stock.
Analyzing AESI Stock Performance
During the last five days, there has been a drop of approximately -1.85%. Over the course of the year, Atlas Energy Solutions Inc. shares have jumped approximately 30.13%. Shares of the company reached a 52-week high of $24.93 on 05/21/24 and a 52-week low of $15.55 on 01/17/24. A 50-day SMA is recorded $20.70, while a 200-day SMA reached $20.41. Nevertheless, trading volume fell to 0.56 million shares from 0.53 million shares the previous day.
Support And Resistance Levels for Atlas Energy Solutions Inc. (AESI)
According to the 24-hour chart, there is a support level at 22.01, which, if violated, would cause prices to drop to 21.72. In the upper region, resistance lies at 22.58. The next price resistance is at 22.87. RSI (Relative Strength Index) is 58.30 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.02, which suggests the price will decrease in the coming days. Percent R is at 42.83%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
