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. Ameriprise Financial Inc shares valued at $196,042 were purchased by Dawn M. Brockman on Nov 06 ’24. At $560.12 per share, Dawn M. Brockman acquired 350 shares.
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Also, Alvero Gumer sold 2,325 shares, netting a total of over 1,199,812 in proceeds. Following the sale of shares at $516.05 each, the insider now holds 4,669 shares.
Before that, GUMER ALVERO had added 2,325 shares to its account. In a trade valued at $1,199,812, the Officer bought Ameriprise Financial Inc shares for $516.05 each.
As published in a research note from Goldman on September 26, 2024, Ameriprise Financial Inc [AMP] has been rated down from a Buy to a Neutral and the price target has been revised to $476 from $485. Analysts at Raymond James started covering the stock with ‘”a Mkt perform”‘ outlook in a report released in late March. As of January 04, 2024, Evercore ISI has decreased its “an Outperform” rating to a “an In-line” for AMP. Earlier on January 03, 2024, Goldman upgraded its rating. Their new recommendation was “a Buy” for AMP stock which previously was a “a Neutral”.
Analyzing AMP Stock Performance
During the last five days, there has been a surge of approximately 10.39%. Over the course of the year, Ameriprise Financial Inc shares have jumped approximately 49.39%. Shares of the company reached a 52-week high of $569.47 on 11/06/24 and a 52-week low of $368.41 on 01/17/24. A 50-day SMA is recorded $480.11, while a 200-day SMA reached $435.41. Nevertheless, trading volume fell to 0.78 million shares from 0.31 million shares the previous day.
Support And Resistance Levels for Ameriprise Financial Inc (AMP)
According to the 24-hour chart, there is a support level at 551.93, which, if violated, would cause prices to drop to 536.43. In the upper region, resistance lies at 576.20. The next price resistance is at 584.97. RSI (Relative Strength Index) is 80.82 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 11.91, which suggests the price will increase in the coming days. Percent R is at 2.48%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
