Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. The AES Corporation shares valued at $418,073 were sold by MILLER JAMES H on Jun 01. At $21.68 per share, MILLER JAMES H sold 19,280 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, Coughlin Stephen purchased 47,000 shares, netting a total of over 1,001,100 in proceeds. Following the buying of shares at $21.30 each, the insider now holds 67,622 shares.
Before that, Gluski Andres had sold 524,511 shares from its account. In a trade valued at $12,474,227, the President and CEO traded The AES Corporation shares for $23.78 each. Upon closing the transaction, the insider’s holdings decreased to 524,511 shares, worth approximately $29.05 million.
As published in their initiating research note from Credit Suisse on April 26, 2022, The AES Corporation [AES] has been a Neutral and the price target has been revised to $25. This represents a -1.6% premium over Wednesday’s closing price. Analysts at Citigroup started covering the stock with ‘”a Buy”‘ outlook in a report released in late March. As of November 30, 2021, Goldman has initiated its “Buy” rating for AES. Earlier on August 06, 2021, Wolfe Research upgraded its rating. Their new recommendation was “an Outperform” for AES stock which previously was a “a Peer perform”.
Analyzing AES’s Price Performance
On Wednesday, The AES Corporation [NYSE: AES] plunged -1.89% to $25.40. The stock’s lowest price that day was $25.39, but it reached a high of $26.21 in the same session. During the last five days, there has been a drop of approximately -6.03%. Over the course of the year, The AES Corporation shares have jumped approximately 4.53%. Shares of the company reached a 52-week high of $27.78 on 09/08/22 and a 52-week low of $18.62 on 06/14/22. A 50-day SMA is recorded $24.11, while a 200-day SMA reached $22.83. Nevertheless, trading volume fell to 3.16 million shares from 3.65 million shares the previous day.
Support And Resistance Levels for The AES Corporation (AES)
According to the 24-hour chart, there is a support level at 25.12, which, if violated, would cause prices to drop to 24.85. In the upper region, resistance lies at 25.94. The next price resistance is at 26.49. RSI (Relative Strength Index) is 47.29 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.61, which suggests the price will decrease in the coming days. Percent R is at 91.55%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is The AES Corporation subject to short interest?
Stocks of The AES Corporation saw a sharp rise in short interest on Jul 14, 2022 jumping by 3.47 million shares to 13.95 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 10.48 million shares. A jump of 24.87% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.31 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.31.
Which companies own the most shares of The AES Corporation (AES)?
According to The Vanguard Group, Inc. filings, the company currently owns 83,923,465 shares, which is about 12.57% of the total AES shares outstanding. The investor’s shares have appreciated by 2,717,843 from its previous 13-F filing of 81205622.0 shares. With the completion of the buy transaction, Capital Research & Management Co’s stake is now worth $1,663,196,795. Capital Research & Management Co reduced a -1.22% interest valued at $1.49 billion while SSgA Funds Management, Inc. purchased a 1,053,950 stake. A total of 964,698 shares of The AES Corporation were bought by BlackRock Fund Advisors during the quarter, and 2,772,301 were bought by Fidelity Management & Research Co. In its current portfolio, Orbis Investment Management Ltd. holds 17,258,878 shares valued at $439.24 million.
In terms of The AES Corporation share price expectations, FactSet research, analysts set an average price target of $28.91 in the next 12 months, up nearly 15.87% from the previous closing price of $25.89. Analysts anticipate The AES Corporation stock to reach $32.00 by 2022, with the lowest price target being $23.00. In spite of this, 13 analysts ranked The AES Corporation stock as an Overweight at the end of 2022. On June 21, 2021, Susquehanna assigned a price target of “a Positive” to the stock and initiated coverage with a $32.