Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Aon plc. shares valued at $2,766,116 were purchased by KNIGHT LESTER B on May 03 ’24. At $276.61 per share, KNIGHT LESTER B acquired 10,000 shares. The insider’s holdings grew to 139,000 shares worth approximately $39.97 million following the completion of this transaction.
Also, Stevens Lisa sold 315 shares, netting a total of over 99,690 in proceeds. Following the sale of shares at $316.31 each, the insider now holds 9,723 shares.
Before that, Andersen Eric had sold 5,500 shares from its account. In a trade valued at $1,725,568, the President traded Aon plc. shares for $313.74 each. Upon closing the transaction, the insider’s holdings decreased to 5,500 shares, worth approximately $47.34 million.
As published in their initiating research note from TD Cowen on January 10, 2024, Aon plc. [AON] has been an Outperform and the price target has been revised to $390. Analysts at JP Morgan upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in early January. As of December 15, 2023, Keefe Bruyette has decreased its “Mkt perform” rating to a “an Underperform” for AON. Earlier on October 30, 2023, Wells Fargo downgraded its rating. Their new recommendation was “an Underweight” for AON stock which previously was a “an Equal weight”.
Analyzing AON Stock Performance
During the last five days, there has been a surge of approximately 2.67%. Over the course of the year, Aon plc. shares have dropped approximately -1.18%. Shares of the company reached a 52-week high of $336.06 on 03/28/24 and a 52-week low of $268.06 on 04/26/24. A 50-day SMA is recorded $311.13, while a 200-day SMA reached $316.57. Nevertheless, trading volume fell to 2.55 million shares from 1.98 million shares the previous day.
Support And Resistance Levels for Aon plc. (AON)
According to the 24-hour chart, there is a support level at 284.75, which, if violated, would cause prices to drop to 281.92. In the upper region, resistance lies at 289.24. The next price resistance is at 290.90. RSI (Relative Strength Index) is 37.98 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.48, which suggests the price will decrease in the coming days. Percent R is at 57.31%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
