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. AES Corp. shares valued at $1,405,162 were sold by Mendoza Tish on May 20 ’24. At $21.21 per share, Mendoza Tish sold 66,250 shares. The insider’s holdings dropped to 199,481 shares worth approximately $4.18 million following the completion of this transaction.
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Also, Da Santos Bernerd sold 66,250 shares, netting a total of over 1,401,188 in proceeds. Following the sale of shares at $21.15 each, the insider now holds 300,672 shares.
Before that, Falu Ricardo Manuel had added 6 shares to its account. In a trade valued at $96, the EVP, COO, Pres. New Enrgy Tech bought AES Corp. shares for $16.01 each. Upon closing the transaction, the insider’s holdings increased to 6 shares, worth approximately $1.77 million.
As published in a research note from Seaport Research Partners on May 21, 2024, AES Corp. [AES] has been rated down from a Buy to a Neutral. Analysts at Mizuho started covering the stock with ‘”a Buy”‘ outlook in a report released in mid April. As of October 06, 2023, UBS has decreased its “Buy” rating to a “Neutral” for AES. Earlier on August 23, 2023, Barclays initiated its rating. Their recommendation was “an Overweight” for AES stock.
Analyzing AES Stock Performance
During the last five days, there has been a drop of approximately -0.95%. Over the course of the year, AES Corp. shares have jumped approximately 8.73%. Shares of the company reached a 52-week high of $21.59 on 05/16/24 and a 52-week low of $14.69 on 02/27/24. A 50-day SMA is recorded $17.86, while a 200-day SMA reached $17.06. Nevertheless, trading volume fell to 6.87 million shares from 8.79 million shares the previous day.
Support And Resistance Levels for AES Corp. (AES)
According to the 24-hour chart, there is a support level at 20.74, which, if violated, would cause prices to drop to 20.54. In the upper region, resistance lies at 21.21. The next price resistance is at 21.49. RSI (Relative Strength Index) is 73.83 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.88, which suggests the price will decrease in the coming days. Percent R is at 20.46%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
