Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Antero Resources Corp shares valued at $1,262,000 were sold by Schultz Yvette K on Aug 05 ’24. At $25.24 per share, Schultz Yvette K sold 50,000 shares. The insider’s holdings dropped to 248,363 shares worth approximately $10.12 million following the completion of this transaction.
Also, Yvette Schultz purchased 50,000 shares, netting a total of over 1,261,813 in proceeds.
Before that, Pearce Sheri had sold 16,377 shares from its account. In a trade valued at $581,384, the insider traded Antero Resources Corp shares for $35.50 each. Upon closing the transaction, the insider’s holdings decreased to 16,377 shares, worth approximately $3.16 million.
As published in a research note from Wells Fargo on December 17, 2024, Antero Resources Corp [AR] has been rated up from an Underweight to an Equal weight and the price target has been revised to $32 from $24. Analysts at BofA Securities started covering the stock with ‘”a Buy”‘ outlook in a report released in late October. As of October 16, 2024, UBS has initiated its “Neutral” rating for AR. Earlier on October 01, 2024, Wells Fargo downgraded its rating. Their new recommendation was “an Underweight” for AR stock which previously was a “an Overweight”.
Analyzing AR Stock Performance
During the last five days, there has been a surge of approximately 5.57%. Over the course of the year, Antero Resources Corp shares have jumped approximately 16.23%. Shares of the company reached a 52-week high of $41.53 on 01/22/25 and a 52-week low of $34.42 on 01/03/25. A 50-day SMA is recorded $33.65, while a 200-day SMA reached $30.97. Nevertheless, trading volume fell to 4.25 million shares from 5.14 million shares the previous day.
Support And Resistance Levels for Antero Resources Corp (AR)
According to the 24-hour chart, there is a support level at 40.07, which, if violated, would cause prices to drop to 39.40. In the upper region, resistance lies at 41.47. The next price resistance is at 42.20. RSI (Relative Strength Index) is 76.55 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.29, which suggests the price will increase in the coming days. Percent R is at 11.11%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
