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 $115,850 were sold by Leveille Brian Anthony on Dec 16 ’24. At $23.17 per share, Leveille Brian Anthony sold 5,000 shares. The insider’s holdings dropped to 409,510 shares worth approximately $8.78 million following the completion of this transaction.
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Also, Leveille Brian Anthony sold 5,000 shares, netting a total of over 115,300 in proceeds. Following the sale of shares at $23.06 each, the insider now holds 414,510 shares.
Before that, Leveille Brian Anthony had sold 12,500 shares from its account. In a trade valued at $299,350, the Member of 10% Owner Group traded Atlas Energy Solutions Inc shares for $23.95 each. Upon closing the transaction, the insider’s holdings decreased to 12,500 shares, worth approximately $8.99 million.
Analysts at Citigroup downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid November. As of November 12, 2024, Barclays has decreased its “an Overweight” rating to a “an Equal weight” for AESI. Earlier on November 07, 2024, Goldman downgraded its rating. Their new recommendation was “a Neutral” for AESI stock which previously was a “a Buy”.
Analyzing AESI Stock Performance
During the last five days, there has been a drop of approximately -6.01%. Over the course of the year, Atlas Energy Solutions Inc shares have jumped approximately 25.11%. 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 $21.40, while a 200-day SMA reached $21.50. Nevertheless, trading volume fell to 1.01 million shares from 0.85 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 20.80, which, if violated, would cause prices to drop to 20.17. In the upper region, resistance lies at 22.52. The next price resistance is at 23.61. RSI (Relative Strength Index) is 42.61 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.67, which suggests the price will decrease in the coming days. Percent R is at 94.30%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
