Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. 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 $0.75 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
Sponsored
Also, Da Santos Bernerd sold 66,250 shares, netting a total of over 1,401,188 in proceeds. Following the sale of shares at $21.15 each, the insider now holds 300,672 shares.
Before that, Mendoza Tish had sold 66,250 shares from its account. In a trade valued at $1,405,162, the EVP & Chief HR Officer traded AES Corp. shares for $21.21 each. Upon closing the transaction, the insider’s holdings decreased to 66,250 shares, worth approximately $3.46 million.
As published in their initiating research note from Jefferies on September 11, 2024, AES Corp. [AES] has been a Buy and the price target has been revised to $20. Analysts at Seaport Research Partners downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late May. As of April 18, 2024, Mizuho has initiated its “Buy” rating for AES. Earlier on October 06, 2023, UBS downgraded its rating. Their new recommendation was “a Neutral” for AES stock which previously was a “a Buy”.
Analyzing AES Stock Performance
During the last five days, there has been a drop of approximately -9.41%. Over the course of the year, AES Corp. shares have dropped approximately -9.97%. 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 $17.90, while a 200-day SMA reached $17.88. Nevertheless, trading volume fell to 7.46 million shares from 7.44 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 17.21, which, if violated, would cause prices to drop to 17.10. In the upper region, resistance lies at 17.56. The next price resistance is at 17.80. RSI (Relative Strength Index) is 35.73 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.40, which suggests the price will decrease in the coming days. Percent R is at 100.00%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
