In a filing, Aris Water Solutions Inc revealed its Over 5% but less than 10% own Gable S Corp unloaded Company’s shares for reported $91098.0 on Dec 27 ’24. In the deal valued at $25.02 per share,3,641 shares were sold. As a result of this transaction, Gable S Corp now holds 2,631,150 shares worth roughly $64.96 million.
Then, Gable S Corp sold 316,408 shares, generating $7,998,794 in total proceeds. Upon selling the shares at $25.28, the 10% Owner now owns 2,634,791 shares.
Before that, Gable S Corp sold 160,539 shares. Aris Water Solutions Inc shares valued at $4,042,372 were divested by the 10% Owner at a price of $25.18 per share. As a result of the transaction, Gable S Corp now holds 2,951,199 shares, worth roughly $72.87 million.
JP Morgan downgraded its Aris Water Solutions Inc [ARIS] rating to a Neutral from a an Overweight in a research note published on November 06, 2024; the price target was increased to $22 from $19. A number of analysts have revised their coverage, including Seaport Research Partners’s analysts, who began to cover the stock in mid December with a ‘”a Buy”‘ rating. Wells Fargo revised its rating on December 16, 2022. It rated ARIS as “an Equal weight” which previously was an “an Overweight”.
Price Performance Review of ARIS
On Friday, Aris Water Solutions Inc [NYSE:ARIS] saw its stock jump 1.02% to $24.69. Over the last five days, the stock has lost -2.57%. Aris Water Solutions Inc shares have risen nearly 3.09% since the year began. Nevertheless, the stocks have risen 183.79% over the past one year. While a 52-week high of $27.94 was reached on 01/03/25, a 52-week low of $7.74 was recorded on 01/02/25. SMA at 50 days reached $23.43, while 200 days put it at $17.57.
Levels Of Support And Resistance For ARIS Stock
The 24-hour chart illustrates a support level at 24.41, which if violated will result in even more drops to 24.12. On the upside, there is a resistance level at 25.08. A further resistance level may holdings at 25.47. The Relative Strength Index (RSI) on the 14-day chart is 51.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 51.45%. Stochastics %K at 35.41% indicates the stock is a holding.
How much short interest is there in Aris Water Solutions Inc?
A steep rise in short interest was recorded in Aris Water Solutions Inc stocks on 2024-12-13, dropping by 39184.0 shares to a total of 1.67 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 1.71 million shares. There was a decline of -2.35%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on December 09, 2022 when Citigroup began covering the stock and recommended ‘”a Buy”‘ rating along with a $20 price target.
