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AMP Shares Experience Surge in Value

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Ameriprise Financial Inc shares valued at $657,101 were sold by Sharpe Robert Francis JR on May 16 ’24. At $438.07 per share, Sharpe Robert Francis JR sold 1,500 shares. The insider’s holdings dropped to 11,000 shares worth approximately $4.79 million following the completion of this transaction.

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Also, Alvero Gumer sold 1,652 shares, netting a total of over 721,930 in proceeds. Following the sale of shares at $437.00 each, the insider now holds 6,994 shares.

Before that, Brockman Dawn M. had sold 224 shares from its account. In a trade valued at $97,245, the SVP AND CONTROLLER traded Ameriprise Financial Inc shares for $434.13 each. Upon closing the transaction, the insider’s holdings decreased to 224 shares, worth approximately $0.56 million.

As published in their initiating research note from Raymond James on March 21, 2024, Ameriprise Financial Inc [AMP] has been a Mkt perform. Analysts at Evercore ISI downgraded the stock from ‘”an Outperform”‘ to ‘”an In-line”‘ outlook in a report released in early January. As of January 03, 2024, Goldman has increased its “Neutral” rating to a “Buy” for AMP.

Analyzing AMP Stock Performance

During the last five days, there has been a surge of approximately 0.26%. Over the course of the year, Ameriprise Financial Inc shares have jumped approximately 14.52%. Shares of the company reached a 52-week high of $446.32 on 06/24/24 and a 52-week low of $368.41 on 01/17/24. A 50-day SMA is recorded $428.53, while a 200-day SMA reached $387.97. Nevertheless, trading volume fell to 0.18 million shares from 0.4 million shares the previous day.

Support And Resistance Levels for Ameriprise Financial Inc (AMP)

According to the 24-hour chart, there is a support level at 431.13, which, if violated, would cause prices to drop to 428.26. In the upper region, resistance lies at 437.61. The next price resistance is at 441.21. RSI (Relative Strength Index) is 53.69 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.06, which suggests the price will decrease in the coming days. Percent R is at 46.81%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.

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