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. AES Corp shares valued at $305,250 were sold by Kohan Sherry on Jun 06 ’24. At $20.35 per share, Kohan Sherry sold 15,000 shares. The insider’s holdings dropped to 43,334 shares worth approximately $0.53 million following the completion of this transaction.
Also, Da Santos Bernerd sold 66,250 shares, netting a total of over 1,401,188 in proceeds. Following the sale of shares at $21.15 each, the insider now holds 300,672 shares.
Before that, Mendoza Tish had sold 66,250 shares from its account. In a trade valued at $1,405,162, the EVP & Chief HR Officer traded AES Corp shares for $21.21 each. Upon closing the transaction, the insider’s holdings decreased to 66,250 shares, worth approximately $2.45 million.
As published in a research note from BofA Securities on March 04, 2025, AES Corp [AES] has been rated up from an Underperform to a Neutral and the price target has been revised to $13 from $11. Analysts at Seaport Research Partners downgraded the stock from ‘”a Neutral”‘ to ‘”a Sell”‘ outlook in a report released in early March. As of December 13, 2024, HSBC Securities has initiated its “Buy” rating for AES.
Analyzing AES Stock Performance
During the last five days, there has been a surge of approximately 12.97%. Over the course of the year, AES Corp shares have dropped approximately -4.58%. Shares of the company reached a 52-week high of $13.44 on 01/06/25 and a 52-week low of $9.88 on 02/18/25. A 50-day SMA is recorded $11.34, while a 200-day SMA reached $15.53.
Support And Resistance Levels for AES Corp (AES)
According to the 24-hour chart, there is a support level at 11.96, which, if violated, would cause prices to drop to 11.63. In the upper region, resistance lies at 12.52. The next price resistance is at 12.75. RSI (Relative Strength Index) is 63.43 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.79, which suggests the price will decrease in the coming days. Percent R is at 7.16%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
