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Examining the Potential Price Growth of Alliant Energy Corp. (LNT)

In a filing, Alliant Energy Corp. revealed its President and CEO Barton Lisa M acquired Company’s shares for reported $53416.0 on Feb 20 ’24. In the deal valued at $48.56 per share,1,100 shares were bought. As a result of this transaction, Barton Lisa M now holds 36,444 shares worth roughly $2.17 million.

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Then, Sundararajan Raja bought 500 shares, generating $24,128 in total proceeds. Upon buying the shares at $48.26, the Executive Vice President now owns 10,556 shares.

Jefferies initiated its Alliant Energy Corp. [LNT] rating to a Hold in a research note published on September 20, 2024; the price target was $67. A number of analysts have revised their coverage, including Ladenburg Thalmann’s analysts, who increased its forecast for the stock in mid August from “a Neutral” to “a Buy”. BMO Capital Markets also remained covering LNT and has decreased its forecast on January 11, 2024 with a “Market perform” recommendation from previously “an Outperform” rating. Barclays revised its rating on January 02, 2024. It rated LNT as “an Equal weight” which previously was an “an Overweight”.

Price Performance Review of LNT

On Tuesday, Alliant Energy Corp. [NASDAQ:LNT] saw its stock jump 0.42% to $59.59. Over the last five days, the stock has lost -2.34%. Alliant Energy Corp. shares have risen nearly 16.16% since the year began. Nevertheless, the stocks have risen 23.17% over the past one year. While a 52-week high of $61.09 was reached on 10/01/24, a 52-week low of $46.80 was recorded on 03/01/24. SMA at 50 days reached $58.43, while 200 days put it at $52.29.

Levels Of Support And Resistance For LNT Stock

The 24-hour chart illustrates a support level at 59.30, which if violated will result in even more drops to 59.01. On the upside, there is a resistance level at 59.91. A further resistance level may holdings at 60.23. The Relative Strength Index (RSI) on the 14-day chart is 50.70, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.47, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.37%. Stochastics %K at 25.54% indicates the stock is a holding.

How much short interest is there in Alliant Energy Corp.?

A steep rise in short interest was recorded in Alliant Energy Corp. stocks on 2024-09-13, growing by 0.79 million shares to a total of 7.15 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 6.36 million shares. There was a rise of 11.03%, which implies that there is a positive sentiment for the stock.

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