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AM (Antero Midstream Corp) may reap gains as insiders became active recently

Antero Midstream Corp’s recent filing unveils that its Director MCARDLE JANINE J acquired Company’s shares for reported $17739.0 on Dec 13 ’24. In the deal valued at $15.11 per share,1,174 shares were bought. As a result of this transaction, MCARDLE JANINE J now holds 68,320 shares worth roughly $1.06 million.

Then, KLIMLEY BROOKS J sold 10,000 shares, generating $146,600 in total proceeds. Upon selling the shares at $14.66, the Director now owns 74,100 shares.

Before that, BROOKS J KLIMLEY bought 10,000 shares. Antero Midstream Corp shares valued at $146,552 were divested by the Director at a price of $14.66 per share.

Wells Fargo downgraded its Antero Midstream Corp [AM] rating to an Equal weight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Tudor Pickering Holt & Co.’s analysts, who decreased its forecast for the stock in mid March from “a Buy” to “a Hold”. Pickering Energy Partners started covering the stock on October 03, 2023. It rated AM as “an Outperform”.

Price Performance Review of AM

On Tuesday, Antero Midstream Corp [NYSE:AM] saw its stock fall -0.19% to $15.47. Over the last five days, the stock has gained 2.11%. Antero Midstream Corp shares have risen nearly 2.52% since the year began. Nevertheless, the stocks have risen 24.26% over the past one year. While a 52-week high of $16.00 was reached on 01/03/25, a 52-week low of $11.58 was recorded on 01/02/25. SMA at 50 days reached $15.19, while 200 days put it at $14.71.

Levels Of Support And Resistance For AM Stock

The 24-hour chart illustrates a support level at 15.36, which if violated will result in even more drops to 15.26. On the upside, there is a resistance level at 15.58. A further resistance level may holdings at 15.70. The Relative Strength Index (RSI) on the 14-day chart is 55.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.41, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 24.01%. Stochastics %K at 78.42% indicates the stock is a holding.

How much short interest is there in Antero Midstream Corp?

A steep rise in short interest was recorded in Antero Midstream Corp stocks on 2024-12-13, growing by 1.28 million shares to a total of 13.24 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 11.96 million shares. There was a rise of 9.67%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on May 10, 2023 when UBS began covering the stock and recommended ‘”a Buy”‘ rating along with a $14 price target.

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