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Buying Buzz: Alliant Energy Corp. [LNT] President and CEO Barton Lisa M acquires 1,100 shares of the company

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Alliant Energy Corp. shares valued at $53,416 were purchased by Barton Lisa M on Feb 20 ’24. At $48.56 per share, Barton Lisa M acquired 1,100 shares. The insider’s holdings grew to 36,444 shares worth approximately $1.85 million following the completion of this transaction.

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Also, Sundararajan Raja purchased 500 shares, netting a total of over 24,128 in proceeds. Following the buying of shares at $48.26 each, the insider now holds 10,556 shares.

As published in a research note from BMO Capital Markets on January 11, 2024, Alliant Energy Corp. [LNT] has been rated down from an Outperform to a Market perform and the price target has been revised to $55. Analysts at Barclays downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in early January. As of October 16, 2023, Scotiabank has increased its “Sector perform” rating to a “Sector outperform” for LNT. Earlier on September 18, 2023, Barclays initiated its rating. Their recommendation was “an Overweight” for LNT stock.

Analyzing LNT Stock Performance

During the last five days, there has been a surge of approximately 0.77%. Over the course of the year, Alliant Energy Corp. shares have dropped approximately -0.88%. Shares of the company reached a 52-week high of $52.36 on 01/08/24 and a 52-week low of $46.80 on 03/01/24. A 50-day SMA is recorded $50.69, while a 200-day SMA reached $49.79. Nevertheless, trading volume fell to 0.57 million shares from 1.35 million shares the previous day.

Support And Resistance Levels for Alliant Energy Corp. (LNT)

According to the 24-hour chart, there is a support level at 50.60, which, if violated, would cause prices to drop to 50.38. In the upper region, resistance lies at 51.24. The next price resistance is at 51.66. RSI (Relative Strength Index) is 52.57 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.34, which suggests the price will decrease in the coming days. Percent R is at 32.98%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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