Insider Selling: Schugel Jason E., Ally Financial Inc. [ALLY] Chief Risk Officer divested 2,500 shares

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Ally Financial Inc. shares valued at $112,500 were sold by Schugel Jason E. on Apr 19. At $45.00 per share, Schugel Jason E. sold 2,500 shares. The insider’s holdings dropped to 82,476 shares worth approximately $2.6 million following the completion of this transaction.


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Also, Schugel Jason E. sold 2,500 shares, netting a total of over 123,025 in proceeds. Following the sale of shares at $49.21 each, the insider now holds 84,976 shares.

Before that, Timmerman Douglas R. had sold 2,916 shares from its account. In a trade valued at $143,496, the President, Auto Finance traded Ally Financial Inc. shares for $49.21 each. Upon closing the transaction, the insider’s holdings decreased to 2,916 shares, worth approximately $4.38 million.

As published in a research note from Piper Sandler on July 25, 2022, Ally Financial Inc. [ALLY] has been rated down from a Neutral to an Underweight and the price target has been revised to $34 from $45. This represents a 7.26% premium over Wednesday’s closing price. Analysts at Evercore ISI downgraded the stock from ‘”an Outperform”‘ to ‘”an In-line”‘ outlook in a report released in mid July. As of January 19, 2022, JP Morgan has decreased its “an Overweight” rating to a “Neutral” for ALLY. Earlier on December 02, 2021, Raymond James initiated its rating. Their recommendation was “an Outperform” for ALLY stock.

Analyzing ALLY’s Price Performance

On Wednesday, Ally Financial Inc. [NYSE: ALLY] plunged -1.96% to $31.53. The stock’s lowest price that day was $31.50, but it reached a high of $32.75 in the same session. During the last five days, there has been a drop of approximately -0.79%. Over the course of the year, Ally Financial Inc. shares have dropped approximately -33.77%. Shares of the company reached a 52-week high of $53.83 on 01/13/22 and a 52-week low of $31.17 on 09/14/22. A 50-day SMA is recorded $33.64, while a 200-day SMA reached $41.15. Nevertheless, trading volume fell to 2.95 million shares from 4.49 million shares the previous day.

Support And Resistance Levels for Ally Financial Inc. (ALLY)

According to the 24-hour chart, there is a support level at 31.10, which, if violated, would cause prices to drop to 30.68. In the upper region, resistance lies at 32.35. The next price resistance is at 33.18. RSI (Relative Strength Index) is 40.33 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.46, which suggests the price will decrease in the coming days. Percent R is at 90.16%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Ally Financial Inc. subject to short interest?

Stocks of Ally Financial Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 2.47 million shares to 10.97 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 8.5 million shares. A jump of 22.52% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.94 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.94.

Which companies own the most shares of Ally Financial Inc. (ALLY)?

According to The Vanguard Group, Inc. filings, the company currently owns 33,519,091 shares, which is about 10.86% of the total ALLY shares outstanding. The investor’s shares have plunged by -1,641,237 from its previous 13-F filing of 35160328.0 shares. With the completion of the buy transaction, Berkshire Hathaway, Inc.’s stake is now worth $996,000,000. Harris Associates LP acquire a 0.29% interest valued at $888.14 million while BlackRock Fund Advisors sold a -1,749,128 stake. A total of -665,150 shares of Ally Financial Inc. were sold by SSgA Funds Management, Inc. during the quarter, and -6,984,601 were sold by Morgan Stanley Smith Barney LLC. In its current portfolio, Dimensional Fund Advisors LP holds 6,502,952 shares valued at $215.9 million.

In terms of Ally Financial Inc. share price expectations, FactSet research, analysts set an average price target of $45.37 in the next 12 months, up nearly 27.49% from the previous closing price of $32.16. Analysts anticipate Ally Financial Inc. stock to reach $72.00 by 2022, with the lowest price target being $34.00. In spite of this, 20 analysts ranked Ally Financial Inc. stock as an Overweight at the end of 2022. On November 10, 2021, Citigroup assigned a price target of “a Buy” to the stock and resumed coverage with a $65.

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