Aris Water Solutions Inc’s recently made public that its 10% Owner Delaware Energy LLC unloaded Company’s shares for reported $83.2 million on Dec 13 ’24. In the deal valued at $25.81 per share,3,223,670 shares were sold. As a result of this transaction, Delaware Energy LLC now holds 0 shares worth roughly $0.0.
Then, Gable S Corp sold 331,181 shares, generating $8,332,514 in total proceeds. Upon selling the shares at $25.16, the Over 5% but less than 10% own now owns 2,268,559 shares.
Before that, Gable S Corp sold 31,410 shares. Aris Water Solutions Inc shares valued at $786,506 were divested by the Over 5% but less than 10% own at a price of $25.04 per share. As a result of the transaction, Gable S Corp now holds 2,599,740 shares, worth roughly $69.18 million.
Evercore ISI downgraded its Aris Water Solutions Inc [ARIS] rating to an In-line from a an Outperform in a research note published on January 15, 2025; the price target was increased to $27 from $25. A number of analysts have revised their coverage, including Citigroup’s analysts, who decreased its forecast for the stock in early January from “a Buy” to “a Neutral”. JP Morgan also remained covering ARIS and has decreased its forecast on November 06, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. Seaport Research Partners started covering the stock on December 13, 2023. It rated ARIS as “a Buy”.
Price Performance Review of ARIS
On Friday, Aris Water Solutions Inc [NYSE:ARIS] saw its stock fall -7.73% to $26.61. Over the last five days, the stock has lost -1.77%. Aris Water Solutions Inc shares have risen nearly 11.11% since the year began. Nevertheless, the stocks have risen 181.29% over the past one year. While a 52-week high of $30.40 was reached on 01/21/25, a 52-week low of $9.38 was recorded on 01/08/25. SMA at 50 days reached $26.43, while 200 days put it at $19.67.
Levels Of Support And Resistance For ARIS Stock
The 24-hour chart illustrates a support level at 25.46, which if violated will result in even more drops to 24.31. On the upside, there is a resistance level at 28.87. A further resistance level may holdings at 31.13. The Relative Strength Index (RSI) on the 14-day chart is 46.74, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.58, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 62.38%. Stochastics %K at 74.37% indicates the stock is a holding.
