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Mizuho initates AES Corp. (AES) stock to a Buy

In a filing, AES Corp. revealed its EVP, COO, Pres. New Enrgy Tech Falu Ricardo Manuel acquired Company’s shares for reported $96.0 on Mar 12 ’24. In the deal valued at $16.01 per share,6 shares were bought. As a result of this transaction, Falu Ricardo Manuel now holds 84,785 shares worth roughly $1.69 million.

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Then, Falu Ricardo Manuel bought 73 shares, generating $1,402 in total proceeds. Upon buying the shares at $19.21, the EVP, COO, Pres. New Enrgy Tech now owns 84,779 shares.

Before that, Mendoza Tish sold 21,594 shares. AES Corp. shares valued at $409,206 were divested by the EVP & Chief HR Officer at a price of $18.95 per share. As a result of the transaction, Mendoza Tish now holds 167,261 shares, worth roughly $3.34 million.

Mizuho initiated its AES Corp. [AES] rating to a Buy in a research note published on April 18, 2024; the price target was $21. A number of analysts have revised their coverage, including UBS’s analysts, who decreased its forecast for the stock in early October from “a Buy” to “a Neutral”. Barclays began covering AES with “an Overweight” recommendation on August 23, 2023. BofA Securities revised its rating on June 22, 2023. It rated AES as “a Neutral” which previously was an “a Buy”.

Price Performance Review of AES

On Friday, AES Corp. [NYSE:AES] saw its stock fall -0.25% to $19.94. Over the last five days, the stock has gained 6.80%. AES Corp. shares have risen nearly 3.58% since the year began. Nevertheless, the stocks have fallen -11.93% over the past one year. While a 52-week high of $22.85 was reached on 05/10/24, a 52-week low of $11.43 was recorded on 02/27/24. SMA at 50 days reached $17.09, while 200 days put it at $17.05. A total of 8.2 million shares were traded, compared to the trading of 7.9 million shares in the previous session.

Levels Of Support And Resistance For AES Stock

The 24-hour chart illustrates a support level at 19.65, which if violated will result in even more drops to 19.36. On the upside, there is a resistance level at 20.34. A further resistance level may holdings at 20.74. The Relative Strength Index (RSI) on the 14-day chart is 74.06, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.38, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 13.28%. Stochastics %K at 92.14% indicates the stock is a selling.

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