Antero Resources Corp’s recent filing unveils that its insider Schultz Yvette K unloaded Company’s shares for reported $1.26 million on Aug 05 ’24. In the deal valued at $25.24 per share,50,000 shares were sold. As a result of this transaction, Schultz Yvette K now holds 248,363 shares worth roughly $7.42 million.
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Then, Yvette Schultz bought 50,000 shares, generating $1,261,813 in total proceeds.
Before that, Pearce Sheri sold 16,377 shares. Antero Resources Corp shares valued at $581,384 were divested by the insider at a price of $35.50 per share. As a result of the transaction, Pearce Sheri now holds 77,460 shares, worth roughly $2.32 million.
Wells Fargo downgraded its Antero Resources Corp [AR] rating to an Underweight from a an Overweight in a research note published on October 01, 2024; the price target was decreased to $25 from $34. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in mid September with a ‘”a Neutral”‘ rating. Wolfe Research also remained covering AR and has increased its forecast on September 11, 2024 with a “an Outperform” recommendation from previously “Peer perform” rating. ROTH MKM started covering the stock on August 27, 2024. It rated AR as “a Buy”.
Price Performance Review of AR
On Monday, Antero Resources Corp [NYSE:AR] saw its stock fall -0.33% to $29.89. Over the last five days, the stock has gained 4.33%. Antero Resources Corp shares have risen nearly 31.79% since the year began. Nevertheless, the stocks have risen 21.70% over the past one year. While a 52-week high of $36.28 was reached on 06/03/24, a 52-week low of $20.10 was recorded on 02/14/24. SMA at 50 days reached $27.34, while 200 days put it at $28.27.
Levels Of Support And Resistance For AR Stock
The 24-hour chart illustrates a support level at 29.53, which if violated will result in even more drops to 29.18. On the upside, there is a resistance level at 30.23. A further resistance level may holdings at 30.57. The Relative Strength Index (RSI) on the 14-day chart is 65.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.52, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 18.71%. Stochastics %K at 87.61% indicates the stock is a selling.
How much short interest is there in Antero Resources Corp?
A steep rise in short interest was recorded in Antero Resources Corp stocks on 2024-09-13, growing by 0.4 million shares to a total of 8.53 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 8.13 million shares. There was a rise of 4.67%, which implies that there is a positive sentiment for the stock.
