The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Ameriprise Financial Inc shares valued at $721,930 were sold by Alvero Gumer on Mar 27 ’24. At $437.00 per share, Alvero Gumer sold 1,652 shares. The insider’s holdings dropped to 6,994 shares worth approximately $2.89 million following the completion of this transaction.
Also, Brockman Dawn M. sold 224 shares, netting a total of over 97,245 in proceeds. Following the sale of shares at $434.13 each, the insider now holds 1,288 shares.
Before that, TRUSCOTT WILLIAM F had sold 8,000 shares from its account. In a trade valued at $3,296,360, the CEO, GLOBAL ASSET MANAGEMENT traded Ameriprise Financial Inc shares for $412.05 each. Upon closing the transaction, the insider’s holdings decreased to 8,000 shares, worth approximately $5.42 million.
As published in their initiating research note from Raymond James on March 21, 2024, Ameriprise Financial Inc [AMP] has been a Mkt perform. Analysts at Evercore ISI downgraded the stock from ‘”an Outperform”‘ to ‘”an In-line”‘ outlook in a report released in early January. As of January 03, 2024, Goldman has increased its “Neutral” rating to a “Buy” for AMP.
Analyzing AMP Stock Performance
During the last five days, there has been a surge of approximately 0.26%. Over the course of the year, Ameriprise Financial Inc shares have jumped approximately 8.70%. Shares of the company reached a 52-week high of $440.67 on 04/04/24 and a 52-week low of $368.41 on 01/17/24. A 50-day SMA is recorded $417.06, while a 200-day SMA reached $367.33. Nevertheless, trading volume fell to 0.63 million shares from 0.99 million shares the previous day.
Support And Resistance Levels for Ameriprise Financial Inc (AMP)
According to the 24-hour chart, there is a support level at 407.52, which, if violated, would cause prices to drop to 402.17. In the upper region, resistance lies at 416.73. The next price resistance is at 420.59. RSI (Relative Strength Index) is 44.16 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.14, which suggests the price will decrease in the coming days. Percent R is at 71.90%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
