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 $4,882,780 were sold by Berman Walter Stanley on Nov 11 ’24. At $564.16 per share, Berman Walter Stanley sold 8,655 shares. The insider’s holdings dropped to 6,409 shares worth approximately $3.67 million following the completion of this transaction.
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Also, CRACCHIOLO JAMES M sold 8,638 shares, netting a total of over 4,866,966 in proceeds. Following the sale of shares at $563.44 each, the insider now holds 159,012 shares.
Before that, Sweeney Joseph Edward had sold 10,735 shares from its account. In a trade valued at $5,900,823, the PRES-AWM PRODUCTS & SERVICES traded Ameriprise Financial Inc shares for $549.68 each. Upon closing the transaction, the insider’s holdings decreased to 10,735 shares, worth approximately $3.32 million.
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 1.87%. Over the course of the year, Ameriprise Financial Inc shares have jumped approximately 50.57%. Shares of the company reached a 52-week high of $577.00 on 11/25/24 and a 52-week low of $368.41 on 01/17/24. A 50-day SMA is recorded $516.89, while a 200-day SMA reached $448.34. Nevertheless, trading volume fell to 0.25 million shares from 0.38 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 569.85, which, if violated, would cause prices to drop to 567.79. In the upper region, resistance lies at 575.22. The next price resistance is at 578.53. RSI (Relative Strength Index) is 69.61 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 7.14, which suggests the price will increase in the coming days. Percent R is at 17.32%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
