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Ameriprise Financial Inc (AMP) receives a Neutral rating from Goldman

Ameriprise Financial Inc’s recently made public that its EXECUTIVE VP AND CFO Berman Walter Stanley unloaded Company’s shares for reported $4.88 million on Nov 11 ’24. In the deal valued at $564.16 per share,8,655 shares were sold. As a result of this transaction, Berman Walter Stanley now holds 6,409 shares worth roughly $3.47 million.

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Then, CRACCHIOLO JAMES M sold 8,638 shares, generating $4,866,966 in total proceeds. Upon selling the shares at $563.44, the CHAIRMAN AND CEO now owns 159,012 shares.

Before that, Sweeney Joseph Edward sold 10,735 shares. Ameriprise Financial Inc shares valued at $5,900,823 were divested by the PRES-AWM PRODUCTS & SERVICES at a price of $549.68 per share. As a result of the transaction, Sweeney Joseph Edward now holds 5,811 shares, worth roughly $3.15 million.

Goldman downgraded its Ameriprise Financial Inc [AMP] rating to a Neutral from a a Buy in a research note published on September 26, 2024; the price target was decreased to $476 from $485. A number of analysts have revised their coverage, including Raymond James’s analysts, who began to cover the stock in late March with a ‘”a Mkt perform”‘ rating. Evercore ISI also remained covering AMP and has decreased its forecast on January 04, 2024 with a “an In-line” recommendation from previously “an Outperform” rating. Goldman revised its rating on January 03, 2024. It rated AMP as “a Buy” which previously was an “a Neutral”.

Price Performance Review of AMP

On Tuesday, Ameriprise Financial Inc [NYSE:AMP] saw its stock fall -1.52% to $541.86. Over the last five days, the stock has lost -0.82%. Ameriprise Financial Inc shares have risen nearly 42.66% since the year began. Nevertheless, the stocks have risen 43.41% over the past one year. While a 52-week high of $577.00 was reached on 11/25/24, a 52-week low of $368.41 was recorded on 01/17/24. SMA at 50 days reached $539.18, while 200 days put it at $458.27.

Levels Of Support And Resistance For AMP Stock

The 24-hour chart illustrates a support level at 538.11, which if violated will result in even more drops to 534.36. On the upside, there is a resistance level at 546.04. A further resistance level may holdings at 550.23. The Relative Strength Index (RSI) on the 14-day chart is 42.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -10.27, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.33%. Stochastics %K at 12.98% indicates the stock is a buying.

How much short interest is there in Ameriprise Financial Inc?

A steep rise in short interest was recorded in Ameriprise Financial Inc stocks on 2024-11-29, dropping by 10998.0 shares to a total of 1.11 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 1.12 million shares. There was a decline of -0.99%, which implies that there is a negative sentiment for the stock.

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