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Analyzing Atlas Energy Solutions Inc (AESI) After Recent Trading Activity

Atlas Energy Solutions Inc’s recent filing unveils that its Member of 10% Owner Group Leveille Brian Anthony unloaded Company’s shares for reported $0.3 million on Dec 03 ’24. In the deal valued at $23.95 per share,12,500 shares were sold. As a result of this transaction, Leveille Brian Anthony now holds 419,510 shares worth roughly $9.75 million.

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Then, Leveille Brian Anthony sold 30,000 shares, generating $720,600 in total proceeds. Upon selling the shares at $24.02, the Member of 10% Owner Group now owns 432,010 shares.

Before that, Schmidt Richard W sold 116,500 shares. Atlas Energy Solutions Inc shares valued at $2,758,720 were divested by the Member of 10% Owner Group at a price of $23.68 per share. As a result of the transaction, Schmidt Richard W now holds 778,215 shares, worth roughly $18.08 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 Tuesday, Atlas Energy Solutions Inc [NYSE:AESI] saw its stock jump 2.33% to $23.23. Over the last five days, the stock has lost -3.25%. Atlas Energy Solutions Inc shares have risen nearly 35.62% since the year began. Nevertheless, the stocks have risen 37.86% 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 $21.37, while 200 days put it at $21.40.

Levels Of Support And Resistance For AESI Stock

The 24-hour chart illustrates a support level at 22.61, which if violated will result in even more drops to 22.00. On the upside, there is a resistance level at 23.83. A further resistance level may holdings at 24.44. The Relative Strength Index (RSI) on the 14-day chart is 58.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 29.76%. Stochastics %K at 60.02% 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 2024-11-29, growing by 3.12 million shares to a total of 12.65 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 9.52 million shares. There was a rise of 24.71%, 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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