Investing in Ally Financial Inc. (ALLY): What You Must Know


Ally Financial Inc.’s filing revealed that its Director MAGNER MARJORIE acquired Company’s shares for reported $54868.0 on Oct 25. In the deal valued at $27.43 per share,2,000 shares were bought. As a result of this transaction, MAGNER MARJORIE now holds 55,603 shares worth roughly $ 1.44 million.

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Then, Schugel Jason E. sold 2,500 shares, generating $112,500 in total proceeds. Upon selling the shares at $45.00, the Chief Risk Officer now owns 82,476 shares.

Before that, Schugel Jason E. sold 2,500 shares. Ally Financial Inc. shares valued at $123,025 were divested by the Chief Risk Officer at a price of $49.21 per share. As a result of the transaction, Schugel Jason E. now holds 84,976 shares, worth roughly $2.19 million.

Compass Point downgraded its Ally Financial Inc. [ALLY] rating to a Neutral from a a Buy in a research note published on Monday. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in mid October from “an Equal weight” to “an Underweight”. Morgan Stanley also remained covering ALLY and has decreased its forecast on October 20, 2022 with a “an Equal-weight” recommendation from previously “an Overweight” rating. Raymond James revised its rating on October 06, 2022. It rated ALLY as “a Mkt perform” which previously was an “an Outperform”.

Price Performance Review of ALLY

On Monday, Ally Financial Inc. [NYSE:ALLY] saw its stock jump 0.55% to $25.82. On the same session, the stock had its day’s lowest price of $25.25, but rose to a high of $26.18. Over the last five days, the stock has lost -6.31%. Ally Financial Inc. shares have fallen nearly -45.77% since the year began. Nevertheless, the stocks have fallen -47.79% over the past one year. While a 52-week high of $53.83 was reached on 01/13/22, a 52-week low of $25.13 was recorded on 11/03/22. SMA at 50 days reached $29.78, while 200 days put it at $37.79. A total of 3.81 million shares were traded, compared to the trading of 6.04 million shares in the previous session.

Levels Of Support And Resistance For ALLY Stock

The 24-hour chart illustrates a support level at 25.32, which if violated will result in even more drops to 24.82. On the upside, there is a resistance level at 26.25. A further resistance level may holdings at 26.68. The Relative Strength Index (RSI) on the 14-day chart is 37.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.44%. Stochastics %K at 12.24% indicates the stock is a buying.

How much short interest is there in Ally Financial Inc.?

A steep rise in short interest was recorded in Ally Financial Inc. stocks on Oct 13, 2022, growing by 2.39 million shares to a total of 13.88 million shares. Yahoo Finance data shows the prior-month short interest on Sep 14, 2022 was 11.49 million shares. There was a rise of 17.22%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 5.27% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.03.

Ally Financial Inc. [ALLY] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 33,519,091 shares, or roughly 10.86% of the outstanding ALLY shares. In other words, the investor’s shares have fallen by -1,641,237 from its previous 13-F filing of 35160328.0. Additionally, Berkshire Hathaway, Inc. increased 234.47% of its stake after which the total value it holdings stand at $834,900,000, while Harris Associates LP added 0.29% of its stake to hold $744.49 million in the firm. Over the last quarter, BlackRock Fund Advisors sold -1,749,128 shares of Ally Financial Inc., while SSgA Funds Management, Inc. sold -665,150 shares. At present, Morgan Stanley Smith Barney LLC is holding 7,373,149 shares valued at $205.19 million. Dimensional Fund Advisors LP owned 6,502,952 shares of the company at the time of its most recent 13F filing, worth $180.98 million.


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