Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Atlas Energy Solutions Inc. shares valued at $159,950 were purchased by SHEPARD GREGORY M on Oct 21 ’24. At $19.84 per share, SHEPARD GREGORY M acquired 8,062 shares. The insider’s holdings grew to 7,515,256 shares worth approximately $147.52 million following the completion of this transaction.
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Also, SHEPARD GREGORY M purchased 1,750 shares, netting a total of over 34,668 in proceeds. Following the buying of shares at $19.81 each, the insider now holds 7,517,006 shares.
Before that, SHEPARD GREGORY M had added 1,797 shares to its account. In a trade valued at $35,311, the Member of 10% Owner Group bought Atlas Energy Solutions Inc. shares for $19.65 each. Upon closing the transaction, the insider’s holdings increased to 1,797 shares, worth approximately $147.37 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 -1.95%. Over the course of the year, Atlas Energy Solutions Inc. shares have jumped approximately 14.60%. 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 $20.98, while a 200-day SMA reached $20.71. Nevertheless, trading volume fell to 0.95 million shares from 0.78 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 19.31, which, if violated, would cause prices to drop to 19.00. In the upper region, resistance lies at 19.96. The next price resistance is at 20.29. RSI (Relative Strength Index) is 37.02 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.64, which suggests the price will decrease in the coming days. Percent R is at 91.43%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
