The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Antero Resources Corp shares valued at $349,948 were sold by Pearce Sheri on Mar 12 ’25. At $35.60 per share, Pearce Sheri sold 9,830 shares. The insider’s holdings dropped to 81,887 shares worth approximately $2.98 million following the completion of this transaction.
Also, Keenan W Howard JR sold 700,000 shares, netting a total of over 28,395,850 in proceeds. Following the sale of shares at $40.57 each, the insider now holds 1,100,000 shares.
Before that, Keenan W Howard JR had sold 200,000 shares from its account. In a trade valued at $7,952,560, the Director traded Antero Resources Corp shares for $39.76 each. Upon closing the transaction, the insider’s holdings decreased to 200,000 shares, worth approximately $65.47 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 7.67%. Over the course of the year, Antero Resources Corp shares have jumped approximately 3.77%. Shares of the company reached a 52-week high of $41.53 on 01/22/25 and a 52-week low of $32.37 on 03/07/25. A 50-day SMA is recorded $37.79, while a 200-day SMA reached $31.92.
Support And Resistance Levels for Antero Resources Corp (AR)
According to the 24-hour chart, there is a support level at 35.65, which, if violated, would cause prices to drop to 34.93. In the upper region, resistance lies at 36.74. The next price resistance is at 37.11. RSI (Relative Strength Index) is 47.87 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.08, which suggests the price will decrease in the coming days. Percent R is at 35.69%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
