In a filing, AES Corp. revealed its EVP & Chief HR Officer Mendoza Tish unloaded Company’s shares for reported $0.41 million on Dec 13 ’23. In the deal valued at $18.95 per share,21,594 shares were sold. As a result of this transaction, Mendoza Tish now holds 167,261 shares worth roughly $2.82 million.
Then, AES CORP sold 7,087,500 shares, generating $156,279,375 in total proceeds. Upon selling the shares at $22.05, the 10% Owner now owns 0 shares.
Before that, Falu Ricardo Manuel bought 2,450 shares. AES Corp. shares valued at $39,935 were divested by the SVP, COO, Pres. New Enrgy Tech at a price of $16.30 per share. As a result of the transaction, Falu Ricardo Manuel now holds 61,981 shares, worth roughly $1.04 million.
UBS downgraded its AES Corp. [AES] rating to a Neutral from a a Buy in a research note published on October 06, 2023; the price target was decreased to $13 from $22. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in late August with a ‘”an Overweight”‘ rating. BofA Securities also remained covering AES and has decreased its forecast on June 22, 2023 with a “Neutral” recommendation from previously “Buy” rating. Wolfe Research revised its rating on April 17, 2023. It rated AES as “a Peer perform” which previously was an “an Outperform”.
Price Performance Review of AES
On Friday, AES Corp. [NYSE:AES] saw its stock fall -5.44% to $16.85. Over the last five days, the stock has lost -6.80%. AES Corp. shares have fallen nearly -12.47% since the year began. Nevertheless, the stocks have fallen -33.43% over the past one year. While a 52-week high of $25.74 was reached on 01/02/24, a 52-week low of $11.43 was recorded on 02/27/24. SMA at 50 days reached $16.48, while 200 days put it at $17.42. A total of 7.68 million shares were traded, compared to the trading of 8.32 million shares in the previous session.
Levels Of Support And Resistance For AES Stock
The 24-hour chart illustrates a support level at 16.47, which if violated will result in even more drops to 16.08. On the upside, there is a resistance level at 17.60. A further resistance level may holdings at 18.35. The Relative Strength Index (RSI) on the 14-day chart is 47.19, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.55%. Stochastics %K at 55.81% indicates the stock is a holding.
The most recent change occurred on April 26, 2022 when Credit Suisse began covering the stock and recommended ‘”a Neutral”‘ rating along with a $25 price target.
