AES Corp.’s filing revealed that its SVP & Chief Accounting Officer Kohan Sherry unloaded Company’s shares for reported $0.31 million on Jun 06 ’24. In the deal valued at $20.35 per share,15,000 shares were sold. As a result of this transaction, Kohan Sherry now holds 43,334 shares worth roughly $0.87 million.
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Then, Da Santos Bernerd sold 66,250 shares, generating $1,401,188 in total proceeds. Upon selling the shares at $21.15, the EVP and President, Renewables now owns 300,672 shares.
Before that, Mendoza Tish sold 66,250 shares. AES Corp. shares valued at $1,405,162 were divested by the EVP & Chief HR Officer at a price of $21.21 per share. As a result of the transaction, Mendoza Tish now holds 199,481 shares, worth roughly $4.0 million.
Jefferies initiated its AES Corp. [AES] rating to a Buy in a research note published on September 11, 2024; the price target was $20. A number of analysts have revised their coverage, including Seaport Research Partners’s analysts, who decreased its forecast for the stock in late May from “a Buy” to “a Neutral”. Mizuho began covering AES with “Buy” recommendation on April 18, 2024. UBS revised its rating on October 06, 2023. It rated AES as “a Neutral” which previously was an “a Buy”.
Price Performance Review of AES
On Monday, AES Corp. [NYSE:AES] saw its stock fall -0.05% to $20.06. Over the last five days, the stock has gained 3.83%. AES Corp. shares have risen nearly 4.21% since the year began. Nevertheless, the stocks have risen 34.81% over the past one year. While a 52-week high of $22.21 was reached on 05/31/24, a 52-week low of $11.43 was recorded on 02/27/24. SMA at 50 days reached $17.70, while 200 days put it at $17.90.
Levels Of Support And Resistance For AES Stock
The 24-hour chart illustrates a support level at 19.87, which if violated will result in even more drops to 19.69. On the upside, there is a resistance level at 20.22. A further resistance level may holdings at 20.39. The Relative Strength Index (RSI) on the 14-day chart is 71.76, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.81, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 4.06%. Stochastics %K at 94.56% indicates the stock is a selling.
How much short interest is there in AES Corp.?
A steep rise in short interest was recorded in AES Corp. stocks on 2024-09-13, growing by 10.48 million shares to a total of 28.72 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 18.24 million shares. There was a rise of 36.49%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on August 23, 2023 when Barclays began covering the stock and recommended ‘”an Overweight”‘ rating along with a $25 price target.
