In a filing, Ameriprise Financial Inc revealed its PRESIDENT-INSURANCE&ANNUITIES Alvero Gumer unloaded Company’s shares for reported $0.72 million on Mar 27 ’24. In the deal valued at $437.00 per share,1,652 shares were sold. As a result of this transaction, Alvero Gumer now holds 6,994 shares worth roughly $3.0 million.
Then, Brockman Dawn M. sold 224 shares, generating $97,245 in total proceeds. Upon selling the shares at $434.13, the SVP AND CONTROLLER now owns 1,288 shares.
Before that, TRUSCOTT WILLIAM F sold 8,000 shares. Ameriprise Financial Inc shares valued at $3,296,360 were divested by the CEO, GLOBAL ASSET MANAGEMENT at a price of $412.05 per share. As a result of the transaction, TRUSCOTT WILLIAM F now holds 13,134 shares, worth roughly $5.64 million.
Raymond James initiated its Ameriprise Financial Inc [AMP] rating to a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who decreased its forecast for the stock in early January from “an Outperform” to “an In-line”. Goldman also remained covering AMP and has increased its forecast on January 03, 2024 with a “Buy” recommendation from previously “Neutral” rating.
Price Performance Review of AMP
On Tuesday, Ameriprise Financial Inc [NYSE:AMP] saw its stock fall -1.42% to $429.59. Over the last five days, the stock has lost -0.83%. Ameriprise Financial Inc shares have risen nearly 13.10% since the year began. Nevertheless, the stocks have risen 44.49% over the past one year. While a 52-week high of $440.67 was reached on 04/04/24, a 52-week low of $279.85 was recorded on 01/17/24. SMA at 50 days reached $411.89, while 200 days put it at $362.56. A total of 0.37 million shares were traded, compared to the trading of 0.29 million shares in the previous session.
Levels Of Support And Resistance For AMP Stock
The 24-hour chart illustrates a support level at 424.87, which if violated will result in even more drops to 420.14. On the upside, there is a resistance level at 436.59. A further resistance level may holdings at 443.58. The Relative Strength Index (RSI) on the 14-day chart is 55.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.00, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.41%. Stochastics %K at 56.64% indicates the stock is a holding.
How much short interest is there in Ameriprise Financial Inc?
A steep rise in short interest was recorded in Ameriprise Financial Inc stocks on Mar 15, 2024, growing by 0.18 million shares to a total of 0.97 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 0.79 million shares. There was a rise of 18.36%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.12% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.12.
