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Ameriprise Financial Inc (AMP) receives a Mkt perform rating from Raymond James

Ameriprise Financial Inc’s recently made public that its PRESIDENT-INSURANCE&ANNUITIES Alvero Gumer unloaded Company’s shares for reported $0.72 million on Mar 27 ’24. In the deal valued at $437.00 per share,1,652 shares were sold. As a result of this transaction, Alvero Gumer now holds 6,994 shares worth roughly $2.88 million.

Then, Brockman Dawn M. sold 224 shares, generating $97,245 in total proceeds. Upon selling the shares at $434.13, the SVP AND CONTROLLER now owns 1,288 shares.

Before that, TRUSCOTT WILLIAM F sold 8,000 shares. Ameriprise Financial Inc shares valued at $3,296,360 were divested by the CEO, GLOBAL ASSET MANAGEMENT at a price of $412.05 per share. As a result of the transaction, TRUSCOTT WILLIAM F now holds 13,134 shares, worth roughly $5.41 million.

Raymond James initiated its Ameriprise Financial Inc [AMP] rating to a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who decreased its forecast for the stock in early January from “an Outperform” to “an In-line”. Goldman also remained covering AMP and has increased its forecast on January 03, 2024 with a “Buy” recommendation from previously “Neutral” rating.

Price Performance Review of AMP

On Tuesday, Ameriprise Financial Inc [NYSE:AMP] saw its stock fall -1.10% to $411.79. Over the last five days, the stock has gained 1.01%. Ameriprise Financial Inc shares have risen nearly 8.41% since the year began. Nevertheless, the stocks have risen 34.96% over the past one year. While a 52-week high of $440.67 was reached on 04/04/24, a 52-week low of $279.85 was recorded on 01/17/24. SMA at 50 days reached $418.51, while 200 days put it at $368.79. A total of 0.51 million shares were traded, compared to the trading of 0.42 million shares in the previous session.

Levels Of Support And Resistance For AMP Stock

The 24-hour chart illustrates a support level at 409.99, which if violated will result in even more drops to 408.18. On the upside, there is a resistance level at 414.81. A further resistance level may holdings at 417.82. The Relative Strength Index (RSI) on the 14-day chart is 44.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.90, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 61.09%. Stochastics %K at 37.11% indicates the stock is a holding.

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