Antero Resources drops as natural-gas slides on weaker LNG flows; CEO sale adds pressure
AR•Antero Resources shares fell as U.S. natural-gas prices slid after LNG feedgas flows dropped to the lowest since late January, leaving more supply in the domestic market. The pullback was compounded by fresh focus on insider selling disclosed this week, with CEO Michael Kennedy selling about $7.3 million of stock on May 4.
1. What’s moving the stock
Antero Resources (AR) is down about 3% as the natural-gas tape weakened, with traders reacting to reduced pipeline flows into LNG export terminals that left more gas in the U.S. market and pushed futures lower. The commodity-linked move is weighing on gas-weighted producers broadly, and AR is tracking that pressure today. (bloomberg.com)
