Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. 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 $0.71 million following the completion of this transaction.
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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 $3.29 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 -2.89%. Over the course of the year, AES Corp shares have dropped approximately -14.34%. 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 $17.92, while a 200-day SMA reached $17.76. Nevertheless, trading volume fell to 14.6 million shares from 11.62 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 16.36, which, if violated, would cause prices to drop to 16.22. In the upper region, resistance lies at 16.62. The next price resistance is at 16.74. RSI (Relative Strength Index) is 33.54 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.61, which suggests the price will decrease in the coming days. Percent R is at 92.86%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
