Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Alliance Resource Partners, LP shares valued at $800,700 were sold by Whelan Timothy J on Dec 13 ’24. At $26.69 per share, Whelan Timothy J sold 30,000 shares. The insider’s holdings dropped to 117,946 shares worth approximately $3.25 million following the completion of this transaction.
Also, Whelan Timothy J sold 10,000 shares, netting a total of over 262,500 in proceeds. Following the sale of shares at $26.25 each, the insider now holds 147,946 shares.
Before that, Whelan Timothy J had sold 10,000 shares from its account. In a trade valued at $280,000, the SENIOR VICE PRESIDENT SALES traded Alliance Resource Partners, LP shares for $28.00 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $4.36 million.
As published in their initiating research note from Noble Capital Markets on March 30, 2022, Alliance Resource Partners, LP [ARLP] has been an Outperform and the price target has been revised to $22. As of February 04, 2020, The Benchmark Company has initiated its “Buy” rating for ARLP. Earlier on August 19, 2019, JP Morgan downgraded its rating. Their new recommendation was “a Neutral” for ARLP stock which previously was a “an Overweight”.
Analyzing ARLP Stock Performance
During the last five days, there has been a surge of approximately 5.15%. Over the course of the year, Alliance Resource Partners, LP shares have jumped approximately 4.91%. Shares of the company reached a 52-week high of $27.98 on 01/14/25 and a 52-week low of $25.90 on 01/08/25. A 50-day SMA is recorded $26.71, while a 200-day SMA reached $24.46. Nevertheless, trading volume fell to 0.35 million shares from 0.26 million shares the previous day.
Support And Resistance Levels for Alliance Resource Partners, LP (ARLP)
According to the 24-hour chart, there is a support level at 27.00, which, if violated, would cause prices to drop to 26.41. In the upper region, resistance lies at 28.06. The next price resistance is at 28.53. RSI (Relative Strength Index) is 62.37 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.90, which suggests the price will decrease in the coming days. Percent R is at 13.42%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
