Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. AngloGold Ashanti Plc. shares valued at $375,846 were purchased by Cheuiche Godoy Marcelo on Sep 13 ’24. At $27.40 per share, Cheuiche Godoy Marcelo acquired 13,717 shares.
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As published in a research note from Scotiabank on August 19, 2024, AngloGold Ashanti Plc. [AU] has been rated down from a Sector perform to a Sector underperform and the price target has been revised to $30 from $27. Analysts at HSBC Securities downgraded the stock from ‘”a Hold”‘ to ‘”a Reduce”‘ outlook in a report released in mid April. As of November 14, 2023, HSBC Securities has increased its “Reduce” rating to a “Hold” for AU. Earlier on October 18, 2023, Morgan Stanley downgraded its rating. Their new recommendation was “an Equal-weight” for AU stock which previously was a “an Overweight”.
Analyzing AU Stock Performance
During the last five days, there has been a surge of approximately 5.10%. Over the course of the year, AngloGold Ashanti Plc. shares have jumped approximately 53.34%. Shares of the company reached a 52-week high of $32.57 on 08/21/24 and a 52-week low of $15.80 on 01/22/24. A 50-day SMA is recorded $28.93, while a 200-day SMA reached $23.36. Nevertheless, trading volume fell to 2.32 million shares from 2.57 million shares the previous day.
Support And Resistance Levels for AngloGold Ashanti Plc. (AU)
According to the 24-hour chart, there is a support level at 28.44, which, if violated, would cause prices to drop to 28.23. In the upper region, resistance lies at 29.00. The next price resistance is at 29.34. RSI (Relative Strength Index) is 50.12 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.54, which suggests the price will decrease in the coming days. Percent R is at 24.92%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
