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Should You Buy AES Corp (AES) Stock After it Is Up 5.43% in a Week?

Friday, December 01, 2023 02:39 PM | InvestorsObserver Analysts

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Should You Buy AES Corp (AES) Stock After it Is Up 5.43% in a Week?

The market has been high on AES Corp (AES) stock recently. AES gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
AES Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on AES!

What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With AES Stock Today?

AES Corp (AES) stock is trading at $17.85 as of 2:30 PM on Friday, Dec 1, an increase of $0.64, or 3.72% from the previous closing price of $17.21. The stock has traded between $17.13 and $17.92 so far today. Volume today is light. So far 2,362,201 shares have traded compared to average volume of 7,771,885 shares. To see InvestorsObserver's Sentiment Score for AES Corp click here.

More About AES Corp

AES is a global power company operating across 14 countries and 4 continents. Its current generation portfolio consists of over 31 gigawtts of generation, with the generation mix composed of renewables (43%), gas (32%), coal (23%), and oil (2%). The company has 3.5 gigawatts of generation under construction. AES has majority ownership and operates six electric utilities distributing power to 2.6 million customers. Click Here to get the full Stock Report for AES Corp stock.

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