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Ameriprise Financial Inc (AMP) may enjoy gains as insiders got busy in the recent days

Ameriprise Financial Inc’s recently made public that its Director Sharpe Robert Francis JR unloaded Company’s shares for reported $0.66 million on May 16 ’24. In the deal valued at $438.07 per share,1,500 shares were sold. As a result of this transaction, Sharpe Robert Francis JR now holds 11,000 shares worth roughly $4.85 million.

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Then, Alvero Gumer sold 1,652 shares, generating $721,930 in total proceeds. Upon selling the shares at $437.00, the PRESIDENT-INSURANCE&ANNUITIES now owns 6,994 shares.

Before that, Brockman Dawn M. sold 224 shares. Ameriprise Financial Inc shares valued at $97,245 were divested by the SVP AND CONTROLLER at a price of $434.13 per share. As a result of the transaction, Brockman Dawn M. now holds 1,288 shares, worth roughly $0.57 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 Friday, Ameriprise Financial Inc [NYSE:AMP] saw its stock jump 1.57% to $440.97. Over the last five days, the stock has gained 1.58%. Ameriprise Financial Inc shares have risen nearly 16.10% since the year began. Nevertheless, the stocks have risen 50.49% over the past one year. While a 52-week high of $442.09 was reached on 05/16/24, a 52-week low of $291.87 was recorded on 01/17/24. SMA at 50 days reached $426.04, while 200 days put it at $376.02. A total of 0.3 million shares were traded, compared to the trading of 0.36 million shares in the previous session.

Levels Of Support And Resistance For AMP Stock

The 24-hour chart illustrates a support level at 437.11, which if violated will result in even more drops to 433.25. On the upside, there is a resistance level at 442.90. A further resistance level may holdings at 444.84. The Relative Strength Index (RSI) on the 14-day chart is 64.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.03, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.02%. Stochastics %K at 80.22% indicates the stock is a selling.

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