The AES Corporation (AES) : Traders are bullish on The AES Corporation (AES) as it has outperformed the S&P 500 by a wide margin of 4.23% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.01%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.52% in the last 1 week, and is up 8.79% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 4.48% and the 50-Day Moving Average is 9.83%.
The AES Corporation (NYSE:AES): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $12.55 and $12.52 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $12.68. The buying momentum continued till the end and the stock did not give up its gains. It closed at $12.63, notching a gain of 0.88% for the day. The total traded volume was 3,749,596 . The stock had closed at $12.52 on the previous day.
The company Insiders own 0.95% of The AES Corporation shares according to the proxy statements. Institutional Investors own 95.88% of The AES Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -20.17%. In a related news, The Securities and Exchange Commission has divulged that Souza Fabian, officer (VP and Controller) of Aes Corp, had unloaded 2,764 shares at an average price of $10.96 in a transaction dated on March 7, 2016. The total value of the transaction was worth $30,293.
The AES Corporation (AES) is a holding company that operates a portfolio of electricity generation and distribution businesses. The Company is organized into six market-oriented Strategic Business Units (SBUs): the United States, Andes (Chile, Colombia and Argentina), Brazil, MCAC (Mexico, Central America and Caribbean), Europe (formerly EMEA) and Asia. Within these six SBUs, the Company has two lines of business: generation and utilities. Under the generation business line, the Company owns and operates power plants to generate and sell power to customers, such as utilities, industrial users and other intermediaries. Under the utilities business line, the Company owns and operates utilities to generate or purchase, distribute, transmit and sell electricity to end-user customers in the residential, commercial, industrial and governmental sectors within a defined service area. Its utilities also generate and sell electricity on the wholesale market.