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 $720,600 were sold by Leveille Brian Anthony on Nov 25 ’24. At $24.02 per share, Leveille Brian Anthony sold 30,000 shares. The insider’s holdings dropped to 432,010 shares worth approximately $10.12 million following the completion of this transaction.
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Also, Schmidt Richard W sold 116,500 shares, netting a total of over 2,758,720 in proceeds. Following the sale of shares at $23.68 each, the insider now holds 778,215 shares.
Before that, Leveille Brian Anthony had sold 10,000 shares from its account. In a trade valued at $239,900, the Member of 10% Owner Group traded Atlas Energy Solutions Inc shares for $23.99 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $10.82 million.
As published in a research note from Citigroup on November 14, 2024, Atlas Energy Solutions Inc [AESI] has been rated down from a Buy to a Neutral and the price target has been revised to $22 from $23. Analysts at Barclays downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in mid November. As of November 07, 2024, Goldman has decreased its “Buy” rating to a “Neutral” for AESI. Earlier on October 30, 2024, Pickering Energy Partners downgraded its rating. Their new recommendation was “a Neutral” for AESI stock which previously was a “an Outperform”.
Analyzing AESI Stock Performance
During the last five days, there has been a surge of approximately 10.42%. Over the course of the year, Atlas Energy Solutions Inc shares have jumped approximately 36.73%. 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 $21.21, while a 200-day SMA reached $21.20. Nevertheless, trading volume fell to 0.91 million shares from 13.05 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 23.04, which, if violated, would cause prices to drop to 22.65. In the upper region, resistance lies at 23.95. The next price resistance is at 24.48. RSI (Relative Strength Index) is 65.20 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.83, which suggests the price will increase in the coming days. Percent R is at 20.33%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
