Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Aris Water Solutions Inc shares valued at $38,085 were sold by COY DEBRA on Nov 11 ’24. At $25.39 per share, COY DEBRA sold 1,500 shares. The insider’s holdings dropped to 42,082 shares worth approximately $1.11 million following the completion of this transaction.
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Also, Patterson Nicholas A. sold 5,250 shares, netting a total of over 115,762 in proceeds. Following the sale of shares at $22.05 each, the insider now holds 52,413 shares.
Before that, Patterson Nicholas A. had added 5,250 shares to its account. In a trade valued at $115,623, the Officer bought Aris Water Solutions Inc shares for $22.02 each.
As published in a research note from JP Morgan on November 06, 2024, Aris Water Solutions Inc [ARIS] has been rated down from an Overweight to a Neutral and the price target has been revised to $22 from $19. Analysts at Seaport Research Partners started covering the stock with ‘”a Buy”‘ outlook in a report released in mid December. Earlier on December 16, 2022, Wells Fargo downgraded its rating. Their new recommendation was “an Equal weight” for ARIS stock which previously was a “an Overweight”.
Analyzing ARIS Stock Performance
During the last five days, there has been a surge of approximately 7.59%. Over the course of the year, Aris Water Solutions Inc shares have jumped approximately 214.30%. Shares of the company reached a 52-week high of $26.39 on 11/20/24 and a 52-week low of $7.74 on 01/19/24. A 50-day SMA is recorded $18.38, while a 200-day SMA reached $15.45. Nevertheless, trading volume fell to 0.51 million shares from 0.31 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 25.28, which, if violated, would cause prices to drop to 24.20. In the upper region, resistance lies at 26.92. The next price resistance is at 27.48. RSI (Relative Strength Index) is 79.84 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.37, which suggests the price will increase in the coming days. Percent R is at 0.19%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
