Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Atmos Energy Corp shares valued at $362,225 were purchased by Geiser Edward on Nov 11 ’24. At $144.89 per share, Geiser Edward acquired 2,500 shares. The insider’s holdings grew to 2,602 shares worth approximately $0.39 million following the completion of this transaction.
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Also, WALTERS DIANA J sold 400 shares, netting a total of over 47,200 in proceeds. Following the sale of shares at $118.00 each, the insider now holds 3,551 shares.
Before that, COCKLIN KIM R had sold 15,000 shares from its account. In a trade valued at $1,746,850, the Director traded Atmos Energy Corp shares for $116.46 each. Upon closing the transaction, the insider’s holdings decreased to 15,000 shares, worth approximately $28.22 million.
As published in their initiating research note from Jefferies on October 02, 2024, Atmos Energy Corp [ATO] has been a Hold and the price target has been revised to $155. Analysts at Ladenburg Thalmann started covering the stock with ‘”a Buy”‘ outlook in a report released in early September. As of May 14, 2024, Wells Fargo has increased its “an Equal weight” rating to a “an Overweight” for ATO. Earlier on April 12, 2024, UBS initiated its rating. Their recommendation was “a Neutral” for ATO stock.
Analyzing ATO Stock Performance
During the last five days, there has been a surge of approximately 2.86%. Over the course of the year, Atmos Energy Corp shares have jumped approximately 30.66%. Shares of the company reached a 52-week high of $152.65 on 11/27/24 and a 52-week low of $110.46 on 02/13/24. A 50-day SMA is recorded $141.80, while a 200-day SMA reached $125.60. Nevertheless, trading volume fell to 0.94 million shares from 1.83 million shares the previous day.
Support And Resistance Levels for Atmos Energy Corp (ATO)
According to the 24-hour chart, there is a support level at 150.76, which, if violated, would cause prices to drop to 150.09. In the upper region, resistance lies at 152.37. The next price resistance is at 153.32. RSI (Relative Strength Index) is 74.75 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.07, which suggests the price will increase in the coming days. Percent R is at 11.20%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
