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Recent Insider Activity Suggests Potential Gains for Ameren Corp. (AEE)

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Ameren Corp.’s recent filing unveils that its Chmn & President of Subsidiary Schukar Shawn E unloaded Company’s shares for reported $0.17 million on Mar 14 ’24. In the deal valued at $71.26 per share,2,330 shares were sold. As a result of this transaction, Schukar Shawn E now holds 56,499 shares worth roughly $4.2 million.

Then, LYONS MARTIN J sold 7,270 shares, generating $513,989 in total proceeds. Upon selling the shares at $70.70, the Chairman, President & CEO now owns 246,434 shares.

Before that, Lindgren Mark C sold 1,630 shares. Ameren Corp. shares valued at $115,241 were divested by the EVP & Chief HR Officer of Sub at a price of $70.70 per share. As a result of the transaction, Lindgren Mark C now holds 47,883 shares, worth roughly $3.56 million.

Goldman initiated its Ameren Corp. [AEE] rating to a Sell in a research note published on April 10, 2024; the price target was $73. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in early January from “a Buy” to “a Neutral”. JP Morgan also remained covering AEE and has decreased its forecast on December 18, 2023 with a “Neutral” recommendation from previously “an Overweight” rating. KeyBanc Capital Markets revised its rating on December 15, 2023. It rated AEE as “a Sector weight” which previously was an “an Overweight”.

Price Performance Review of AEE

On Monday, Ameren Corp. [NYSE:AEE] saw its stock jump 0.94% to $74.35. Over the last five days, the stock has lost -0.04%. Ameren Corp. shares have risen nearly 2.78% since the year began. Nevertheless, the stocks have fallen -17.13% over the past one year. While a 52-week high of $90.72 was reached on 04/25/24, a 52-week low of $67.03 was recorded on 02/13/24. SMA at 50 days reached $72.38, while 200 days put it at $75.67. A total of 1.39 million shares were traded, compared to the trading of 1.2 million shares in the previous session.

Levels Of Support And Resistance For AEE Stock

The 24-hour chart illustrates a support level at 73.98, which if violated will result in even more drops to 73.61. On the upside, there is a resistance level at 74.63. A further resistance level may holdings at 74.91. The Relative Strength Index (RSI) on the 14-day chart is 57.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.24, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 13.62%. Stochastics %K at 84.49% indicates the stock is a selling.

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