Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Atlas Energy Solutions Inc shares valued at $250,000 were sold by Leveille Brian Anthony on Jan 17 ’25. At $25.00 per share, Leveille Brian Anthony sold 10,000 shares. The insider’s holdings dropped to 387,010 shares worth approximately $9.17 million following the completion of this transaction.
Also, Leveille Brian Anthony sold 7,500 shares, netting a total of over 180,000 in proceeds. Following the sale of shares at $24.00 each, the insider now holds 397,010 shares.
Before that, Hock Stacy had sold 10,000 shares from its account. In a trade valued at $219,600, the Member of 10% Owner Group traded Atlas Energy Solutions Inc shares for $21.96 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $21.51 million.
As published in a research note from BofA Securities on January 13, 2025, Atlas Energy Solutions Inc [AESI] has been rated down from a Buy to a Neutral and the price target has been revised to $22.50. As of November 14, 2024, Citigroup has decreased its “Buy” rating to a “Neutral” for AESI. Earlier on November 12, 2024, Barclays downgraded its rating. Their new recommendation was “an Equal weight” for AESI stock which previously was a “an Overweight”.
Analyzing AESI Stock Performance
During the last five days, there has been a surge of approximately 4.18%. Over the course of the year, Atlas Energy Solutions Inc shares have jumped approximately 6.85%. Shares of the company reached a 52-week high of $25.38 on 01/17/25 and a 52-week low of $21.31 on 01/13/25. A 50-day SMA is recorded $22.43, while a 200-day SMA reached $21.57. Nevertheless, trading volume fell to 0.79 million shares from 1.15 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 23.46, which, if violated, would cause prices to drop to 23.23. In the upper region, resistance lies at 24.04. The next price resistance is at 24.39. RSI (Relative Strength Index) is 57.71 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.04, which suggests the price will increase in the coming days. Percent R is at 41.28%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
