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Taking a look at what insiders are doing to gauge the Antero Midstream Corp (AM)’s direction

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Antero Midstream Corp shares valued at $17,739 were purchased by MCARDLE JANINE J on Dec 13 ’24. At $15.11 per share, MCARDLE JANINE J acquired 1,174 shares. The insider’s holdings grew to 68,320 shares worth approximately $1.04 million following the completion of this transaction.

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Also, KLIMLEY BROOKS J sold 10,000 shares, netting a total of over 146,600 in proceeds. Following the sale of shares at $14.66 each, the insider now holds 74,100 shares.

Before that, BROOKS J KLIMLEY had added 10,000 shares to its account. In a trade valued at $146,552, the Director bought Antero Midstream Corp shares for $14.66 each.

As published in a research note from Wells Fargo on December 18, 2024, Antero Midstream Corp [AM] has been rated down from an Overweight to an Equal weight and the price target has been revised to $16. Analysts at Tudor Pickering Holt & Co. downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in mid March. Earlier on October 03, 2023, Pickering Energy Partners initiated its rating. Their recommendation was “an Outperform” for AM stock.

Analyzing AM Stock Performance

During the last five days, there has been a surge of approximately 6.54%. Over the course of the year, Antero Midstream Corp shares have jumped approximately 20.91%. Shares of the company reached a 52-week high of $16.00 on 11/29/24 and a 52-week low of $11.58 on 02/14/24. A 50-day SMA is recorded $15.16, while a 200-day SMA reached $14.65. Nevertheless, trading volume fell to 1.73 million shares from 1.95 million shares the previous day.

Support And Resistance Levels for Antero Midstream Corp (AM)

According to the 24-hour chart, there is a support level at 15.06, which, if violated, would cause prices to drop to 14.96. In the upper region, resistance lies at 15.28. The next price resistance is at 15.40. RSI (Relative Strength Index) is 50.54 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.20, which suggests the price will decrease in the coming days. Percent R is at 27.91%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.

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