AES Corp’s recently made public that its SVP & Chief Accounting Officer Kohan Sherry unloaded Company’s shares for reported $0.31 million on Jun 06 ’24. In the deal valued at $20.35 per share,15,000 shares were sold. As a result of this transaction, Kohan Sherry now holds 43,334 shares worth roughly $0.57 million.
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Then, Da Santos Bernerd sold 66,250 shares, generating $1,401,188 in total proceeds. Upon selling the shares at $21.15, the EVP and President, Renewables now owns 300,672 shares.
Before that, Mendoza Tish sold 66,250 shares. AES Corp shares valued at $1,405,162 were divested by the EVP & Chief HR Officer at a price of $21.21 per share. As a result of the transaction, Mendoza Tish now holds 199,481 shares, worth roughly $2.6 million.
A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in mid September with a ‘”a Buy”‘ rating. Seaport Research Partners also remained covering AES and has decreased its forecast on May 21, 2024 with a “Neutral” recommendation from previously “Buy” rating. Mizuho started covering the stock on April 18, 2024. It rated AES as “a Buy”.
Price Performance Review of AES
On Friday, AES Corp [NYSE:AES] saw its stock jump 0.38% to $13.04. Over the last five days, the stock has lost -1.58%. AES Corp shares have fallen nearly -32.26% since the year began. Nevertheless, the stocks have fallen -24.27% over the past one year. While a 52-week high of $22.21 was reached on 05/31/24, a 52-week low of $12.53 was recorded on 11/26/24. SMA at 50 days reached $16.36, while 200 days put it at $17.46.
Levels Of Support And Resistance For AES Stock
The 24-hour chart illustrates a support level at 12.95, which if violated will result in even more drops to 12.85. On the upside, there is a resistance level at 13.15. A further resistance level may holdings at 13.25. The Relative Strength Index (RSI) on the 14-day chart is 32.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.54, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.05%. Stochastics %K at 26.12% indicates the stock is a holding.
How much short interest is there in AES Corp?
A steep rise in short interest was recorded in AES Corp stocks on 2024-11-15, dropping by 10914.0 shares to a total of 22.32 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 22.33 million shares. There was a decline of -0.05%, which implies that there is a negative sentiment for the stock.
