Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Aon plc. shares valued at $99,690 were sold by Stevens Lisa on Mar 06 ’24. At $316.31 per share, Stevens Lisa sold 315 shares. The insider’s holdings dropped to 9,723 shares worth approximately $3.02 million following the completion of this transaction.
Also, Andersen Eric sold 5,500 shares, netting a total of over 1,725,568 in proceeds. Following the sale of shares at $313.74 each, the insider now holds 164,618 shares.
Before that, Stevens Lisa had sold 13,000 shares from its account. In a trade valued at $4,098,380, the Chief People Officer traded Aon plc. shares for $315.26 each. Upon closing the transaction, the insider’s holdings decreased to 13,000 shares, worth approximately $3.13 million.
As published in their initiating research note from TD Cowen on January 10, 2024, Aon plc. [AON] has been an Outperform and the price target has been revised to $390. Analysts at JP Morgan upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in early January. As of December 15, 2023, Keefe Bruyette has decreased its “Mkt perform” rating to a “an Underperform” for AON. Earlier on October 30, 2023, Wells Fargo downgraded its rating. Their new recommendation was “an Underweight” for AON stock which previously was a “an Equal weight”.
Analyzing AON Stock Performance
During the last five days, there has been a drop of approximately -1.20%. Over the course of the year, Aon plc. shares have jumped approximately 6.87%. Shares of the company reached a 52-week high of $336.06 on 03/28/24 and a 52-week low of $285.86 on 01/05/24. A 50-day SMA is recorded $316.25, while a 200-day SMA reached $320.80. Nevertheless, trading volume fell to 0.85 million shares from 0.8 million shares the previous day.
Support And Resistance Levels for Aon plc. (AON)
According to the 24-hour chart, there is a support level at 309.19, which, if violated, would cause prices to drop to 307.38. In the upper region, resistance lies at 314.53. The next price resistance is at 318.06. RSI (Relative Strength Index) is 36.58 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -8.50, which suggests the price will decrease in the coming days. Percent R is at 99.64%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Aon plc. subject to short interest?
Stocks of Aon plc. saw a sharp steep in short interest on Mar 15, 2024 dropping by 50000.0 shares to 1.77 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 1.82 million shares. A decline of -2.82% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.28 of the overall float, the days-to-cover ratio (short ratio) decline to 2.28.
