Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. AES Corp. shares valued at $96 were purchased by Falu Ricardo Manuel on Mar 12 ’24. At $16.01 per share, Falu Ricardo Manuel acquired 6 shares. The insider’s holdings grew to 84,785 shares worth approximately $1.37 million following the completion of this transaction.
Also, Falu Ricardo Manuel purchased 73 shares, netting a total of over 1,402 in proceeds. Following the buying of shares at $19.21 each, the insider now holds 84,779 shares.
Before that, Mendoza Tish had sold 21,594 shares from its account. In a trade valued at $409,206, the EVP & Chief HR Officer traded AES Corp. shares for $18.95 each. Upon closing the transaction, the insider’s holdings decreased to 21,594 shares, worth approximately $2.7 million.
As published in a research note from UBS on October 06, 2023, AES Corp. [AES] has been rated down from a Buy to a Neutral and the price target has been revised to $13 from $22. Analysts at Barclays started covering the stock with ‘”an Overweight”‘ outlook in a report released in late August. As of June 22, 2023, BofA Securities has decreased its “Buy” rating to a “Neutral” for AES. Earlier on April 17, 2023, Wolfe Research downgraded its rating. Their new recommendation was “a Peer perform” for AES stock which previously was a “an Outperform”.
Analyzing AES Stock Performance
During the last five days, there has been a drop of approximately -8.71%. Over the course of the year, AES Corp. shares have dropped approximately -16.16%. Shares of the company reached a 52-week high of $19.53 on 01/02/24 and a 52-week low of $14.69 on 02/27/24. A 50-day SMA is recorded $16.44, while a 200-day SMA reached $17.36. Nevertheless, trading volume fell to 7.89 million shares from 12.3 million shares the previous day.
Support And Resistance Levels for AES Corp. (AES)
According to the 24-hour chart, there is a support level at 15.80, which, if violated, would cause prices to drop to 15.47. In the upper region, resistance lies at 16.40. The next price resistance is at 16.67. RSI (Relative Strength Index) is 41.29 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.44, which suggests the price will decrease in the coming days. Percent R is at 85.95%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
