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. Ameren Corp. shares valued at $131,923 were sold by Nwamu Chonda J on Aug 28 ’24. At $81.94 per share, Nwamu Chonda J sold 1,610 shares. The insider’s holdings dropped to 44,432 shares worth approximately $3.92 million following the completion of this transaction.
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Also, Nwamu Chonda J purchased 1,610 shares, netting a total of over 131,923 in proceeds.
Before that, MOEHN MICHAEL L had sold 6,500 shares from its account. In a trade valued at $536,445, the Sr Executive VP & CFO traded Ameren Corp. shares for $82.53 each. Upon closing the transaction, the insider’s holdings decreased to 6,500 shares, worth approximately $18.63 million.
As published in their initiating research note from Jefferies on September 20, 2024, Ameren Corp. [AEE] has been a Buy and the price target has been revised to $97. Analysts at Mizuho upgraded the stock from ‘”a Neutral”‘ to ‘”an Outperform”‘ outlook in a report released in mid September. Earlier on May 30, 2024, Barclays upgraded its rating. Their new recommendation was “an Overweight” for AEE stock which previously was a “an Equal weight”.
Analyzing AEE Stock Performance
During the last five days, there has been a surge of approximately 2.91%. Over the course of the year, Ameren Corp. shares have jumped approximately 22.08%. Shares of the company reached a 52-week high of $88.90 on 10/16/24 and a 52-week low of $67.03 on 02/13/24. A 50-day SMA is recorded $84.43, while a 200-day SMA reached $75.55. Nevertheless, trading volume fell to 1.98 million shares from 0.87 million shares the previous day.
Support And Resistance Levels for Ameren Corp. (AEE)
According to the 24-hour chart, there is a support level at 87.65, which, if violated, would cause prices to drop to 87.00. In the upper region, resistance lies at 88.92. The next price resistance is at 89.54. RSI (Relative Strength Index) is 64.41 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 18.73%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
