In a filing, Ameren Corp. revealed its Director Flores Rafael unloaded Company’s shares for reported $0.11 million on Jun 07 ’24. In the deal valued at $71.29 per share,1,500 shares were sold. As a result of this transaction, Flores Rafael now holds 13,768 shares worth roughly $0.98 million.
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Then, Diya Fadi M sold 10,000 shares, generating $745,000 in total proceeds. Upon selling the shares at $74.50, the SVP & CNO of Subsidiary now owns 56,781 shares.
Before that, Lindgren Mark C sold 4,000 shares. Ameren Corp. shares valued at $302,120 were divested by the EVP & Chief HR Officer of Sub at a price of $75.53 per share. As a result of the transaction, Lindgren Mark C now holds 43,935 shares, worth roughly $3.14 million.
Barclays upgraded its Ameren Corp. [AEE] rating to an Overweight from a an Equal weight in a research note published on May 30, 2024; the price target was increased to $77 from $73. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in early April with a ‘”a Sell”‘ rating. BofA Securities also remained covering AEE and has decreased its forecast on January 04, 2024 with a “Neutral” recommendation from previously “Buy” rating. JP Morgan revised its rating on December 18, 2023. It rated AEE as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of AEE
On Monday, Ameren Corp. [NYSE:AEE] saw its stock jump 0.61% to $71.50. Over the last five days, the stock has lost -3.08%. Ameren Corp. shares have fallen nearly -1.16% since the year began. Nevertheless, the stocks have fallen -14.67% over the past one year. While a 52-week high of $88.72 was reached on 05/15/24, a 52-week low of $67.03 was recorded on 02/13/24. SMA at 50 days reached $73.29, while 200 days put it at $74.25. A total of 1.52 million shares were traded, compared to the trading of 1.15 million shares in the previous session.
Levels Of Support And Resistance For AEE Stock
The 24-hour chart illustrates a support level at 70.94, which if violated will result in even more drops to 70.39. On the upside, there is a resistance level at 71.93. A further resistance level may holdings at 72.36. The Relative Strength Index (RSI) on the 14-day chart is 42.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.68, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 70.36%. Stochastics %K at 30.14% indicates the stock is a holding.
