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 $598,975 were purchased by MOEHN MICHAEL L on Nov 20 ’24. At $92.15 per share, MOEHN MICHAEL L acquired 6,500 shares.
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Also, Nwamu Chonda J sold 1,610 shares, netting a total of over 131,923 in proceeds. Following the sale of shares at $81.94 each, the insider now holds 44,432 shares.
Before that, Nwamu Chonda J had added 1,610 shares to its account. In a trade valued at $131,923, the Officer bought Ameren Corp shares for $81.94 each.
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 4.74%. Over the course of the year, Ameren Corp shares have jumped approximately 29.90%. Shares of the company reached a 52-week high of $94.21 on 11/21/24 and a 52-week low of $67.03 on 02/13/24. A 50-day SMA is recorded $87.82, while a 200-day SMA reached $77.85. Nevertheless, trading volume fell to 1.43 million shares from 1.0 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 92.54, which, if violated, would cause prices to drop to 91.12. In the upper region, resistance lies at 94.80. The next price resistance is at 95.64. RSI (Relative Strength Index) is 67.27 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.38, which suggests the price will increase in the coming days. Percent R is at 2.68%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
