Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Ameren Corp shares valued at $598,975 were sold by MOEHN MICHAEL L on Nov 20 ’24. At $92.15 per share, MOEHN MICHAEL L sold 6,500 shares. The insider’s holdings dropped to 205,171 shares worth approximately $19.15 million following the completion of this transaction.
Also, MOEHN MICHAEL L purchased 6,500 shares, netting a total of over 598,975 in proceeds.
Before that, Nwamu Chonda J had sold 1,610 shares from its account. In a trade valued at $131,923, the EVP, GC & Secretary traded Ameren Corp shares for $81.94 each. Upon closing the transaction, the insider’s holdings decreased to 1,610 shares, worth approximately $4.15 million.
As published in a research note from Evercore ISI on January 21, 2025, Ameren Corp [AEE] has been rated up from an In-line to an Outperform and the price target has been revised to $104 from $89. Analysts at Jefferies started covering the stock with ‘”a Buy”‘ outlook in a report released in mid September. As of September 16, 2024, Mizuho has increased its “Neutral” rating to a “an Outperform” for AEE.
Analyzing AEE Stock Performance
During the last five days, there has been a surge of approximately 4.42%. Over the course of the year, Ameren Corp shares have jumped approximately 4.72%. Shares of the company reached a 52-week high of $96.74 on 01/21/25 and a 52-week low of $86.81 on 01/06/25. A 50-day SMA is recorded $90.95, while a 200-day SMA reached $81.63. Nevertheless, trading volume fell to 1.16 million shares from 1.51 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 92.30, which, if violated, would cause prices to drop to 91.24. In the upper region, resistance lies at 95.22. The next price resistance is at 97.08. RSI (Relative Strength Index) is 58.41 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.16, which suggests the price will increase in the coming days. Percent R is at 34.14%, indicating low price movement. Stochastics %K at selling indicates that the stock is to be held.
