Alliance Resource Partners L.P. (ARLP) : Traders are bullish on Alliance Resource Partners L.P. (ARLP) as it has outperformed the S&P 500 by a wide margin of 10.58% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.37%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.43% in the last 1 week, and is up 11.72% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 8.32% and the 50-Day Moving Average is 19.38%. Alliance Resource Partners L.P. (NASDAQ:ARLP): stock turned positive on Friday. Though the stock opened at $19.15, the bulls momentum made the stock top out at $19.99 level for the day. The stock recorded a low of $18.85 and closed the trading day at $19.92, in the green by 4.57%. The total traded volume for the day was 512,565. The stock had closed at $19.05 in the previous days trading.
The company Insiders own 44.03% of Alliance Resource Partners L.P. shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -33.84% . Institutional Investors own 27.87% of Alliance Resource Partners L.P. shares. During last six month period, the net percent change held by insiders has seen a change of -33.84%.
Alliance Resource Partners, L.P. is a producer and marketer of coal primarily to the United States utilities and industrial users. The Company operates through four segments: the Illinois Basin, Appalachia, White Oak Resources LLC (White Oak), and Other and Corporate. The Companys Illinois Basin mining operations are located in western Kentucky, southern Illinois and southern Indiana. The Companys Appalachian mining operations are located in eastern Kentucky, Maryland and West Virginia. It owns, and operates the coal handling and processing facilities, and provides mine products and services. The Company also develops and markets additional services, including ash and scrubber sludge removal, coal yard maintenance and arranging alternate transportation services.