Ameren Corp’s filing revealed that its EVP, GC & Secretary Nwamu Chonda J unloaded Company’s shares for reported $0.13 million on Aug 28 ’24. In the deal valued at $81.94 per share,1,610 shares were sold. As a result of this transaction, Nwamu Chonda J now holds 44,432 shares worth roughly $4.1 million.
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Then, Nwamu Chonda J bought 1,610 shares, generating $131,923 in total proceeds.
Before that, MOEHN MICHAEL L sold 6,500 shares. Ameren Corp shares valued at $536,445 were divested by the Sr Executive VP & CFO at a price of $82.53 per share. As a result of the transaction, MOEHN MICHAEL L now holds 211,016 shares, worth roughly $19.48 million.
Jefferies initiated its Ameren Corp [AEE] rating to a Buy in a research note published on September 20, 2024; the price target was $97. A number of analysts have revised their coverage, including Mizuho’s analysts, who increased its forecast for the stock in mid September from “a Neutral” to “an Outperform”. Barclays revised its rating on May 30, 2024. It rated AEE as “an Overweight” which previously was an “an Equal weight”.
Price Performance Review of AEE
On Monday, Ameren Corp [NYSE:AEE] saw its stock jump 2.34% to $92.30. Over the last five days, the stock has gained 7.30%. Ameren Corp shares have risen nearly 27.59% since the year began. Nevertheless, the stocks have risen 21.29% over the past one year. While a 52-week high of $90.59 was reached on 11/11/24, a 52-week low of $67.03 was recorded on 02/13/24. SMA at 50 days reached $86.54, while 200 days put it at $76.95.
Levels Of Support And Resistance For AEE Stock
The 24-hour chart illustrates a support level at 90.49, which if violated will result in even more drops to 88.68. On the upside, there is a resistance level at 93.40. A further resistance level may holdings at 94.50. The Relative Strength Index (RSI) on the 14-day chart is 67.64, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.81, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.26%. Stochastics %K at 72.40% indicates the stock is a holding.
How much short interest is there in Ameren Corp?
A steep rise in short interest was recorded in Ameren Corp stocks on 2024-10-15, dropping by -0.53 million shares to a total of 3.12 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 3.65 million shares. There was a decline of -16.88%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on April 10, 2024 when Goldman began covering the stock and recommended ‘”a Sell”‘ rating along with a $73 price target.
