KD Logo

Insider Selling: Kohan Sherry, AES Corp. [AES] SVP & Chief Accounting Officer divested 15,000 shares

CHWY Stock

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. AES Corp. shares valued at $305,250 were sold by Kohan Sherry on Jun 06 ’24. At $20.35 per share, Kohan Sherry sold 15,000 shares. The insider’s holdings dropped to 43,334 shares worth approximately $0.77 million following the completion of this transaction.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Also, Mendoza Tish sold 66,250 shares, netting a total of over 1,405,162 in proceeds. Following the sale of shares at $21.21 each, the insider now holds 199,481 shares.

Before that, Da Santos Bernerd had sold 66,250 shares from its account. In a trade valued at $1,401,188, the EVP and President, Renewables traded AES Corp. shares for $21.15 each. Upon closing the transaction, the insider’s holdings decreased to 66,250 shares, worth approximately $5.32 million.

As published in a research note from Seaport Research Partners on May 21, 2024, AES Corp. [AES] has been rated down from a Buy to a Neutral. Analysts at Mizuho started covering the stock with ‘”a Buy”‘ outlook in a report released in mid April. As of October 06, 2023, UBS has decreased its “Buy” rating to a “Neutral” for AES. Earlier on August 23, 2023, Barclays initiated its rating. Their recommendation was “an Overweight” for AES stock.

Analyzing AES Stock Performance

During the last five days, there has been a drop of approximately -6.40%. Over the course of the year, AES Corp. shares have dropped approximately -8.05%. Shares of the company reached a 52-week high of $22.21 on 05/31/24 and a 52-week low of $14.69 on 02/27/24. A 50-day SMA is recorded $19.48, while a 200-day SMA reached $17.28. Nevertheless, trading volume fell to 3.24 million shares from 8.39 million shares the previous day.

Support And Resistance Levels for AES Corp. (AES)

According to the 24-hour chart, there is a support level at 17.66, which, if violated, would cause prices to drop to 17.43. In the upper region, resistance lies at 18.08. The next price resistance is at 18.26. RSI (Relative Strength Index) is 34.43 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.98, which suggests the price will decrease in the coming days. Percent R is at 73.38%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Most Popular