Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Antero Resources Corp shares valued at $1,262,000 were sold by Schultz Yvette K on Aug 05 ’24. At $25.24 per share, Schultz Yvette K sold 50,000 shares. The insider’s holdings dropped to 248,363 shares worth approximately $6.88 million following the completion of this transaction.
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Also, Yvette Schultz purchased 50,000 shares, netting a total of over 1,261,813 in proceeds.
Before that, Pearce Sheri had sold 16,377 shares from its account. In a trade valued at $581,384, the insider traded Antero Resources Corp shares for $35.50 each. Upon closing the transaction, the insider’s holdings decreased to 16,377 shares, worth approximately $2.14 million.
As published in their initiating research note from UBS on October 16, 2024, Antero Resources Corp [AR] has been a Neutral and the price target has been revised to $33. Analysts at Wells Fargo downgraded the stock from ‘”an Overweight”‘ to ‘”an Underweight”‘ outlook in a report released in early October. As of September 17, 2024, Citigroup has initiated its “Neutral” rating for AR. Earlier on September 11, 2024, Wolfe Research upgraded its rating. Their new recommendation was “an Outperform” for AR stock which previously was a “a Peer perform”.
Analyzing AR Stock Performance
During the last five days, there has been a surge of approximately 1.43%. Over the course of the year, Antero Resources Corp shares have jumped approximately 22.09%. Shares of the company reached a 52-week high of $36.28 on 06/03/24 and a 52-week low of $20.56 on 02/14/24. A 50-day SMA is recorded $27.49, while a 200-day SMA reached $28.60. Nevertheless, trading volume fell to 4.4 million shares from 2.44 million shares the previous day.
Support And Resistance Levels for Antero Resources Corp (AR)
According to the 24-hour chart, there is a support level at 26.94, which, if violated, would cause prices to drop to 26.20. In the upper region, resistance lies at 28.17. The next price resistance is at 28.65. RSI (Relative Strength Index) is 49.27 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.85, which suggests the price will decrease in the coming days. Percent R is at 63.60%, indicating low price movement. Stochastics %K at buying indicates that the stock is to be held.
