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. Ameren Corp. shares valued at $166,036 were sold by Schukar Shawn E on Mar 14 ’24. At $71.26 per share, Schukar Shawn E sold 2,330 shares. The insider’s holdings dropped to 56,499 shares worth approximately $4.22 million following the completion of this transaction.
Also, LYONS MARTIN J sold 7,270 shares, netting a total of over 513,989 in proceeds. Following the sale of shares at $70.70 each, the insider now holds 246,434 shares.
Before that, Lindgren Mark C had sold 1,630 shares from its account. In a trade valued at $115,241, the EVP & Chief HR Officer of Sub traded Ameren Corp. shares for $70.70 each. Upon closing the transaction, the insider’s holdings decreased to 1,630 shares, worth approximately $3.58 million.
As published in their initiating research note from Goldman on April 10, 2024, Ameren Corp. [AEE] has been a Sell and the price target has been revised to $73. Analysts at BofA Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early January. As of December 18, 2023, JP Morgan has decreased its “an Overweight” rating to a “Neutral” for AEE. Earlier on December 15, 2023, KeyBanc Capital Markets downgraded its rating. Their new recommendation was “a Sector weight” for AEE stock which previously was a “an Overweight”.
Analyzing AEE Stock Performance
During the last five days, there has been a surge of approximately 3.10%. Over the course of the year, Ameren Corp. shares have jumped approximately 3.35%. Shares of the company reached a 52-week high of $75.02 on 04/25/24 and a 52-week low of $67.03 on 02/13/24. A 50-day SMA is recorded $72.19, while a 200-day SMA reached $75.78. Nevertheless, trading volume fell to 1.11 million shares from 1.01 million shares the previous day.
Support And Resistance Levels for Ameren Corp. (AEE)
According to the 24-hour chart, there is a support level at 74.08, which, if violated, would cause prices to drop to 73.40. In the upper region, resistance lies at 75.23. The next price resistance is at 75.70. RSI (Relative Strength Index) is 61.47 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.53, which suggests the price will increase in the coming days. Percent R is at 5.28%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
