American Equity Investment Life Holding Company (NYSE:AEL) has been under a strong bear grip, hence the stock is down -6.94% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.7% in the past 1 week. The stock has risen by 3% in the past week indicating that the buyers are active at lower levels, but the stock is down -5.44% in the past 4 weeks.
The company shares have dropped -44.68% from its 1 Year high price. On Jul 31, 2015, the shares registered one year high at $30.02 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $15.35 and the 200 Day Moving Average price is recorded at $16.03.
The stock has recorded a 20-day Moving Average of 0.87% and the 50-Day Moving Average is 1.33%.
American Equity Investment Life Holding Company (NYSE:AEL): stock turned positive on Friday. Though the stock opened at $14.14, the bulls momentum made the stock top out at $14.81 level for the day. The stock recorded a low of $14.12 and closed the trading day at $14.77, in the green by 7.34%. The total traded volume for the day was 689,420. The stock had closed at $13.76 in the previous days trading.
In an insider trading activity, Grensteiner Ronald James, officer (Executive Vice President) of American Equity Investment Life Holding Co, executed a transaction worth $24,922 on June 30, 2016. A total of 1,770 shares were purchased at an average price of $14.08. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
American Equity Investment Life Holding Company is engaged in the development and sale of fixed index and fixed rate annuity products. The Company issues fixed annuity and life insurance products through its wholly owned life insurance subsidiaries, American Equity Investment Life Insurance Company (American Equity Life), American Equity Investment Life Insurance Company of New York and Eagle Life Insurance Company (Eagle Life). The Companys business consists primarily of the sale of fixed index and fixed rate annuities. The Companys products include Fixed Index Annuities, Fixed Rate Annuities, Withdrawal Options-Fixed Index and Fixed Rate Annuities and Life Insurance.