The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Autoliv Inc. shares valued at $35,082 were sold by Swahn Christian on Sep 02. At $77.96 per share, Swahn Christian sold 450 shares. The insider’s holdings dropped to 1,019 shares worth approximately $72695.46 following the completion of this transaction.
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Also, Oldorff Frithjof sold 581 shares, netting a total of over 45,295 in proceeds. Following the sale of shares at $77.96 each, the insider now holds 3,912 shares.
Before that, Cevian Capital II GP LTD had added 75,955 shares to its account. In a trade valued at $5,969,265, the 10% Owner bought Autoliv Inc. shares for $78.59 each. Upon closing the transaction, the insider’s holdings increased to 75,955 shares, worth approximately $449.34 million.
As published in a research note from Exane BNP Paribas on June 28, 2022, Autoliv Inc. [ALV] has been rated up from an Underperform to a Neutral and the price target has been revised to $86. This represents a 17.05% premium over Wednesday’s closing price. Analysts at UBS upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early May. As of February 17, 2022, Credit Suisse has initiated its “Neutral” rating for ALV. Earlier on February 01, 2022, Deutsche Bank upgraded its rating. Their new recommendation was “a Buy” for ALV stock which previously was a “a Hold”.
Analyzing ALV’s Price Performance
On Wednesday, Autoliv Inc. [NYSE: ALV] plunged -2.49% to $71.34. The stock’s lowest price that day was $70.97, but it reached a high of $73.57 in the same session. During the last five days, there has been a drop of approximately -4.85%. Over the course of the year, Autoliv Inc. shares have dropped approximately -31.01%. Shares of the company reached a 52-week high of $108.62 on 01/13/22 and a 52-week low of $66.25 on 06/16/22. A 50-day SMA is recorded $79.33, while a 200-day SMA reached $83.64. Nevertheless, trading volume fell to 1.13 million shares from 0.57 million shares the previous day.
Support And Resistance Levels for Autoliv Inc. (ALV)
According to the 24-hour chart, there is a support level at 70.35, which, if violated, would cause prices to drop to 69.36. In the upper region, resistance lies at 72.95. The next price resistance is at 74.56. RSI (Relative Strength Index) is 38.02 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.45, which suggests the price will decrease in the coming days. Percent R is at 95.12%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Autoliv Inc. subject to short interest?
Stocks of Autoliv Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 0.96 million shares to 2.03 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 1.07 million shares. A jump of 47.29% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 3 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.
Which companies own the most shares of Autoliv Inc. (ALV)?
According to Cevian Capital AB filings, the company currently owns 6,298,508 shares, which is about 7.23% of the total ALV shares outstanding. The investor’s shares have appreciated by 389,670 from its previous 13-F filing of 5908838.0 shares. With the completion of the buy transaction, Fidelity Management & Research Co’s stake is now worth $249,665,527. FIL Investment Advisors acquire a 44.73% interest valued at $197.07 million while Pictet Asset Management SA purchased a 1,875,855 stake. A total of -186,960 shares of Autoliv Inc. were bought by Nordea Investment Management AB during the quarter, and -37,622 were sold by The Vanguard Group, Inc. In its current portfolio, Dimensional Fund Advisors LP holds 1,473,200 shares valued at $114.6 million.
In terms of Autoliv Inc. share price expectations, FactSet research, analysts set an average price target of $92.16 in the next 12 months, up nearly 23.02% from the previous closing price of $73.16. Analysts anticipate Autoliv Inc. stock to reach $120.00 by 2022, with the lowest price target being $79.00. In spite of this, 25 analysts ranked Autoliv Inc. stock as an Overweight at the end of 2022. On December 02, 2021, Wolfe Research assigned a price target of “an Outperform” to the stock and upgraded coverage with a $125.