A company insider recently sold 69,110 shares of Allison Transmission Holdings Inc. [ALSN]. Should You Sale?

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Allison Transmission Holdings Inc. shares valued at $2,768,256 were sold by Graziosi David S. on Mar 21. At $40.06 per share, Graziosi David S. sold 69,110 shares. The insider’s holdings dropped to 158,768 shares worth approximately $5.96 million following the completion of this transaction.

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Also, Graziosi David S. sold 134,443 shares, netting a total of over 5,240,104 in proceeds. Following the sale of shares at $38.98 each, the insider now holds 227,878 shares.

Before that, Scroggins Eric C. had sold 3,475 shares from its account. In a trade valued at $121,625, the VP, Gen. Counsel traded Allison Transmission Holdings Inc. shares for $35.00 each. Upon closing the transaction, the insider’s holdings decreased to 3,475 shares, worth approximately $0.97 million.

As published in a research note from Credit Suisse on February 22, 2022, Allison Transmission Holdings Inc. [ALSN] has been rated down from an Outperform to a Neutral and the price target has been revised to $48. This represents a 21.85% premium over Thursday’s closing price. Analysts at Morgan Stanley downgraded the stock from ‘”an Equal-weight”‘ to ‘”an Underweight”‘ outlook in a report released in early December. As of June 01, 2021, Goldman has decreased its “Buy” rating to a “Sell” for ALSN. Earlier on April 21, 2021, Raymond James downgraded its rating. Their new recommendation was “a Mkt perform” for ALSN stock which previously was a “a Strong buy”.

Analyzing ALSN’s Price Performance

On Thursday, Allison Transmission Holdings Inc. [NYSE: ALSN] plunged -8.18% to $37.51. The stock’s lowest price that day was $36.70, but it reached a high of $40.28 in the same session. During the last five days, there has been a drop of approximately -7.77%. Over the course of the year, Allison Transmission Holdings Inc. shares have jumped approximately 3.19%. Shares of the company reached a 52-week high of $42.00 on 02/17/22 and a 52-week low of $34.53 on 04/13/22. A 50-day SMA is recorded $39.06, while a 200-day SMA reached $37.89. Nevertheless, trading volume fell to 1.84 million shares from 0.62 million shares the previous day.

Support And Resistance Levels for Allison Transmission Holdings Inc. (ALSN)

According to the 24-hour chart, there is a support level at 36.05, which, if violated, would cause prices to drop to 34.58. In the upper region, resistance lies at 39.63. The next price resistance is at 41.74. RSI (Relative Strength Index) is 40.66 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.09, which suggests the price will decrease in the coming days. Percent R is at 84.57%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Allison Transmission Holdings Inc. subject to short interest?

Stocks of Allison Transmission Holdings Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 0.16 million shares to 3.25 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 3.09 million shares. A jump of 4.92% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 4.73 of the overall float, the days-to-cover ratio (short ratio) jumped to 4.73.

Which companies own the most shares of Allison Transmission Holdings Inc. (ALSN)?

According to Fidelity Management & Research Co filings, the company currently owns 14,181,972 shares, which is about 14.61% of the total ALSN shares outstanding. The investor’s shares have plunged by -795,077 from its previous 13-F filing of 14977049.0 shares. With the completion of the sale transaction, The Vanguard Group, Inc.’s stake is now worth $456,016,423. Burgundy Asset Management Ltd. reduced a -1.34% interest valued at $232.32 million while Harris Associates LP sold a -8,000 stake. A total of 73,309 shares of Allison Transmission Holdings Inc. were sold by LSV Asset Management during the quarter, and -35,110 were sold by BlackRock Fund Advisors. In its current portfolio, Renaissance Technologies LLC holds 3,651,319 shares valued at $140.39 million.

In terms of Allison Transmission Holdings Inc. share price expectations, FactSet research, analysts set an average price target of $43.44 in the next 12 months, down nearly -2.08% from the previous closing price of $40.85. Analysts anticipate Allison Transmission Holdings Inc. stock to reach $70.00 by 2022, with the lowest price target being $30.00. In spite of this, 11 analysts ranked Allison Transmission Holdings Inc. stock as a Hold at the end of 2022.


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