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AES (AES Corp.) may reap gains as insiders became active recently

AES Corp.’s filing revealed that its SVP & Chief Accounting Officer Kohan Sherry unloaded Company’s shares for reported $0.31 million on Jun 06 ’24. In the deal valued at $20.35 per share,15,000 shares were sold. As a result of this transaction, Kohan Sherry now holds 43,334 shares worth roughly $0.86 million.

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Then, Mendoza Tish sold 66,250 shares, generating $1,405,162 in total proceeds. Upon selling the shares at $21.21, the EVP & Chief HR Officer now owns 199,481 shares.

Before that, Da Santos Bernerd sold 66,250 shares. AES Corp. shares valued at $1,401,188 were divested by the EVP and President, Renewables at a price of $21.15 per share. As a result of the transaction, Da Santos Bernerd now holds 300,672 shares, worth roughly $5.97 million.

Seaport Research Partners downgraded its AES Corp. [AES] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Mizuho’s analysts, who began to cover the stock in mid April with a ‘”a Buy”‘ rating. UBS also remained covering AES and has decreased its forecast on October 06, 2023 with a “Neutral” recommendation from previously “Buy” rating. Barclays started covering the stock on August 23, 2023. It rated AES as “an Overweight”.

Price Performance Review of AES

On Friday, AES Corp. [NYSE:AES] saw its stock fall -2.41% to $19.87. Over the last five days, the stock has lost -7.97%. AES Corp. shares have risen nearly 3.22% since the year began. Nevertheless, the stocks have fallen -3.92% over the past one year. While a 52-week high of $22.60 was reached on 05/31/24, a 52-week low of $11.43 was recorded on 02/27/24. SMA at 50 days reached $18.97, while 200 days put it at $17.17. A total of 5.63 million shares were traded, compared to the trading of 6.63 million shares in the previous session.

Levels Of Support And Resistance For AES Stock

The 24-hour chart illustrates a support level at 19.68, which if violated will result in even more drops to 19.49. On the upside, there is a resistance level at 20.22. A further resistance level may holdings at 20.57. The Relative Strength Index (RSI) on the 14-day chart is 47.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.54, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.73%. Stochastics %K at 14.80% indicates the stock is a buying.

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