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The Attractiveness of Investing In Atlas Energy Solutions Inc (AESI) is Growing

Atlas Energy Solutions Inc’s recently made public that its Member of 10% Owner Group Leveille Brian Anthony unloaded Company’s shares for reported $0.21 million on Nov 18 ’24. In the deal valued at $20.70 per share,10,000 shares were sold. As a result of this transaction, Leveille Brian Anthony now holds 482,010 shares worth roughly $11.37 million.

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Then, Hock Stacy sold 8,571 shares, generating $181,020 in total proceeds. Upon selling the shares at $21.12, the Member of 10% Owner Group now owns 926,175 shares.

Before that, Leveille Brian Anthony sold 20,000 shares. Atlas Energy Solutions Inc shares valued at $425,700 were divested by the Member of 10% Owner Group at a price of $21.29 per share. As a result of the transaction, Leveille Brian Anthony now holds 492,010 shares, worth roughly $11.61 million.

Citigroup downgraded its Atlas Energy Solutions Inc [AESI] rating to a Neutral from a a Buy in a research note published on November 14, 2024; the price target was decreased to $22 from $23. A number of analysts have revised their coverage, including Barclays’s analysts, who decreased its forecast for the stock in mid November from “an Overweight” to “an Equal weight”. Goldman also remained covering AESI and has decreased its forecast on November 07, 2024 with a “Neutral” recommendation from previously “Buy” rating. Pickering Energy Partners revised its rating on October 30, 2024. It rated AESI as “a Neutral” which previously was an “an Outperform”.

Price Performance Review of AESI

On Friday, Atlas Energy Solutions Inc [NYSE:AESI] saw its stock jump 9.67% to $23.59. Over the last five days, the stock has gained 18.25%. Atlas Energy Solutions Inc shares have risen nearly 37.72% since the year began. Nevertheless, the stocks have risen 38.85% over the past one year. While a 52-week high of $24.93 was reached on 05/21/24, a 52-week low of $15.47 was recorded on 01/17/24. SMA at 50 days reached $21.10, while 200 days put it at $21.11.

Levels Of Support And Resistance For AESI Stock

The 24-hour chart illustrates a support level at 23.23, which if violated will result in even more drops to 22.87. On the upside, there is a resistance level at 23.97. A further resistance level may holdings at 24.35. The Relative Strength Index (RSI) on the 14-day chart is 67.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.97, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 9.58%. Stochastics %K at 79.98% indicates the stock is a holding.

How much short interest is there in Atlas Energy Solutions Inc?

A steep rise in short interest was recorded in Atlas Energy Solutions Inc stocks on 2024-10-31, growing by 0.11 million shares to a total of 9.52 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 9.41 million shares. There was a rise of 1.19%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on June 24, 2024 when Tudor Pickering Holt & Co. began covering the stock and recommended ‘”a Buy”‘ rating .

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