Alliant Energy Corp. (LNT) Becoming More Attractive for Investors

BMO Capital Markets downgraded its Alliant Energy Corp. [LNT] rating to a Market perform from an Outperform in a research note published recently.

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Price Performance Review of LNT

On Tuesday, Alliant Energy Corp. [NASDAQ:LNT] saw its stock fall -0.63% to $48.88. Over the last five days, the stock has gained 0.23%. Alliant Energy Corp. shares have fallen nearly -4.72% since the year began. Nevertheless, the stocks have fallen -10.18% over the past one year. While a 52-week high of $56.26 was reached on 01/08/24, a 52-week low of $45.15 was recorded on 01/24/24. SMA at 50 days reached $50.54, while 200 days put it at $51.49. A total of 1.95 million shares were traded, compared to the trading of 2.4 million shares in the previous session.

Levels Of Support And Resistance For LNT Stock

The 24-hour chart illustrates a support level at 48.28, which if violated will result in even more drops to 47.69. On the upside, there is a resistance level at 49.30. A further resistance level may holdings at 49.73. The Relative Strength Index (RSI) on the 14-day chart is 40.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.40, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.57%. Stochastics %K at 22.35% indicates the stock is a holding.

How much short interest is there in Alliant Energy Corp.?

A steep rise in short interest was recorded in Alliant Energy Corp. stocks on Jan 11, 2024, dropping by -1.4 million shares to a total of 4.57 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2023 was 5.97 million shares. There was a decline of -30.63%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.06% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.64.

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