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Keeping an Eye on Alliant Energy Corp. (LNT) After Insider Trading Activity

Alliant Energy Corp.’s filing revealed that its President and CEO Barton Lisa M acquired Company’s shares for reported $53416.0 on Feb 20 ’24. In the deal valued at $48.56 per share,1,100 shares were bought. As a result of this transaction, Barton Lisa M now holds 36,444 shares worth roughly $1.86 million.

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Then, Sundararajan Raja bought 500 shares, generating $24,128 in total proceeds. Upon buying the shares at $48.26, the Executive Vice President now owns 10,556 shares.

BMO Capital Markets downgraded its Alliant Energy Corp. [LNT] rating to a Market perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Barclays’s analysts, who decreased its forecast for the stock in early January from “an Overweight” to “an Equal weight”. Scotiabank also remained covering LNT and has increased its forecast on October 16, 2023 with a “Sector outperform” recommendation from previously “Sector perform” rating. Barclays started covering the stock on September 18, 2023. It rated LNT as “an Overweight”.

Price Performance Review of LNT

On Friday, Alliant Energy Corp. [NASDAQ:LNT] saw its stock fall -0.08% to $50.95. Over the last five days, the stock has gained 2.23%. Alliant Energy Corp. shares have fallen nearly -0.68% since the year began. Nevertheless, the stocks have fallen -4.36% over the past one year. While a 52-week high of $56.26 was reached on 01/08/24, a 52-week low of $45.15 was recorded on 03/01/24. SMA at 50 days reached $50.34, while 200 days put it at $49.79. A total of 3.96 million shares were traded, compared to the trading of 2.88 million shares in the previous session.

Levels Of Support And Resistance For LNT Stock

The 24-hour chart illustrates a support level at 50.76, which if violated will result in even more drops to 50.56. On the upside, there is a resistance level at 51.31. A further resistance level may holdings at 51.66. The Relative Strength Index (RSI) on the 14-day chart is 55.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 38.78%. Stochastics %K at 45.78% indicates the stock is a holding.

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