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. AngloGold Ashanti Plc shares valued at $697,135 were purchased by Calderon Alberto on Nov 12 ’24. At $27.57 per share, Calderon Alberto acquired 25,286 shares.
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Also, Cheuiche Godoy Marcelo purchased 13,717 shares, netting a total of over 375,846 in proceeds.
As published in a research note from Investec on October 18, 2024, AngloGold Ashanti Plc [AU] has been rated up from a Hold to a Buy. Analysts at Scotiabank downgraded the stock from ‘”a Sector perform”‘ to ‘”a Sector underperform”‘ outlook in a report released in mid August. As of April 19, 2024, HSBC Securities has decreased its “Hold” rating to a “Reduce” for AU. Earlier on November 14, 2023, HSBC Securities upgraded its rating. Their new recommendation was “a Hold” for AU stock which previously was a “a Reduce”.
Analyzing AU Stock Performance
During the last five days, there has been a drop of approximately -12.91%. Over the course of the year, AngloGold Ashanti Plc shares have jumped approximately 28.46%. Shares of the company reached a 52-week high of $32.57 on 08/21/24 and a 52-week low of $15.80 on 01/22/24. A 50-day SMA is recorded $27.69, while a 200-day SMA reached $25.14. Nevertheless, trading volume fell to 3.08 million shares from 3.08 million shares the previous day.
Support And Resistance Levels for AngloGold Ashanti Plc (AU)
According to the 24-hour chart, there is a support level at 23.36, which, if violated, would cause prices to drop to 22.72. In the upper region, resistance lies at 24.39. The next price resistance is at 24.77. RSI (Relative Strength Index) is 30.93 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.54, which suggests the price will decrease in the coming days. Percent R is at 85.25%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
