Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Aris Water Solutions Inc shares valued at $219,825 were sold by Van Brunt David Dylan on Aug 12 ’24. At $14.84 per share, Van Brunt David Dylan sold 14,813 shares. The insider’s holdings dropped to 94,690 shares worth approximately $1.47 million following the completion of this transaction.
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Also, Van Brunt David Dylan purchased 14,813 shares, netting a total of over 219,744 in proceeds.
Before that, Brock Amanda M had sold 107,946 shares from its account. In a trade valued at $1,797,301, the President and CEO traded Aris Water Solutions Inc shares for $16.65 each. Upon closing the transaction, the insider’s holdings decreased to 107,946 shares, worth approximately $8.55 million.
As published in their initiating research note from Seaport Research Partners on December 13, 2023, Aris Water Solutions Inc [ARIS] has been a Buy and the price target has been revised to $15. As of December 16, 2022, Wells Fargo has decreased its “an Overweight” rating to a “an Equal weight” for ARIS. Earlier on December 09, 2022, Citigroup initiated its rating. Their recommendation was “a Buy” for ARIS stock.
Analyzing ARIS Stock Performance
During the last five days, there has been a drop of approximately -9.02%. Over the course of the year, Aris Water Solutions Inc shares have jumped approximately 85.22%. Shares of the company reached a 52-week high of $18.99 on 09/24/24 and a 52-week low of $7.74 on 01/19/24. A 50-day SMA is recorded $16.43, while a 200-day SMA reached $14.01. Nevertheless, trading volume fell to 0.5 million shares from 0.34 million shares the previous day.
Support And Resistance Levels for Aris Water Solutions Inc (ARIS)
According to the 24-hour chart, there is a support level at 15.13, which, if violated, would cause prices to drop to 14.73. In the upper region, resistance lies at 16.18. The next price resistance is at 16.83. RSI (Relative Strength Index) is 38.20 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.57, which suggests the price will decrease in the coming days. Percent R is at 92.07%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
