The AES Corporation (AES) : On Friday, The money flowed into the The AES Corporation (AES) stock with an uptick to downtick ratio was recorded at 2.71. Transactions worth $16.34 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $6.04 million. The total money flow into the stock was $10.3 million. The block trades reveal a bullish bias with an up-down ratio of 12.79. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $10.91 million of block transactions on upticks. The value of block trades on downticks was $0.85 million, indicating lower selling interest. The total money flow in block trades was $10.05 million. In terms of price action, The AES Corporation (AES) traded down $0.06 during the session at $12.01. Compared to the previous days closing, the stock was down only by -0.5%. For the week, the stock is -0.08%, over previous weeks closing.
The company Insiders own 0.95% of The AES Corporation shares according to the proxy statements. Institutional Investors own 94.99% of The AES Corporation shares.
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 (NYSE:AES): The stock opened at $12.04 and touched an intraday high of $12.26 on Friday. During the day, the stock corrected to an intraday low of $12.04, however, the bulls stepped in and pushed the price higher to close in the green at $12.23 with a gain of 1.83% for the day. The total traded volume for the day was 3,538,952. The stock had closed at $12.01 in the previous trading session.
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.