In a filing, Aris Water Solutions Inc revealed its Chief Operating Officer Van Brunt David Dylan unloaded Company’s shares for reported $0.22 million on Aug 12 ’24. In the deal valued at $14.84 per share,14,813 shares were sold. As a result of this transaction, Van Brunt David Dylan now holds 94,690 shares worth roughly $2.24 million.
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Then, Van Brunt David Dylan bought 14,813 shares, generating $219,744 in total proceeds.
Before that, Brock Amanda M sold 107,946 shares. Aris Water Solutions Inc shares valued at $1,797,301 were divested by the President and CEO at a price of $16.65 per share. As a result of the transaction, Brock Amanda M now holds 549,963 shares, worth roughly $13.01 million.
JP Morgan downgraded its Aris Water Solutions Inc [ARIS] rating to a Neutral from a an Overweight in a research note published on November 06, 2024; the price target was increased to $22 from $19. A number of analysts have revised their coverage, including Seaport Research Partners’s analysts, who began to cover the stock in mid December with a ‘”a Buy”‘ rating. Wells Fargo revised its rating on December 16, 2022. It rated ARIS as “an Equal weight” which previously was an “an Overweight”.
Price Performance Review of ARIS
On Friday, Aris Water Solutions Inc [NYSE:ARIS] saw its stock jump 6.44% to $23.65. Over the last five days, the stock has gained 45.18%. Aris Water Solutions Inc shares have risen nearly 181.88% since the year began. Nevertheless, the stocks have risen 175.64% over the past one year. While a 52-week high of $22.36 was reached on 11/08/24, a 52-week low of $7.22 was recorded on 01/19/24. SMA at 50 days reached $16.91, while 200 days put it at $14.80.
Levels Of Support And Resistance For ARIS Stock
The 24-hour chart illustrates a support level at 22.28, which if violated will result in even more drops to 20.92. On the upside, there is a resistance level at 24.36. A further resistance level may holdings at 25.08. The Relative Strength Index (RSI) on the 14-day chart is 82.39, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.01, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.65%. Stochastics %K at 98.39% indicates the stock is a selling.
How much short interest is there in Aris Water Solutions Inc?
A steep rise in short interest was recorded in Aris Water Solutions Inc stocks on 2024-10-15, growing by 0.33 million shares to a total of 1.16 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 0.83 million shares. There was a rise of 28.58%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on December 09, 2022 when Citigroup began covering the stock and recommended ‘”a Buy”‘ rating along with a $20 price target.
