Analyzing Allison Transmission Holdings Inc. (ALSN) After Recent Trading Activity


Allison Transmission Holdings Inc.’s recent filing unveils that its VP, Chief Procurement Officer van Niekerk Teresa unloaded Company’s shares for reported $0.72 million on Aug 28. In the deal valued at $59.17 per share,12,153 shares were sold. As a result of this transaction, van Niekerk Teresa now holds 16,283 shares worth roughly $ 0.99 million.

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Then, Milburn Ryan A. sold 7,372 shares, generating $436,054 in total proceeds. Upon selling the shares at $59.15, the VP, Product Engr. & Tech Dev. now owns 13,827 shares.

Before that, Eifert Thomas sold 2,790 shares. Allison Transmission Holdings Inc. shares valued at $164,610 were divested by the VP, Quality, Plan & Prog Mgmt at a price of $59.00 per share. As a result of the transaction, Eifert Thomas now holds 5,695 shares, worth roughly $0.35 million.

Credit Suisse downgraded its Allison Transmission Holdings Inc. [ALSN] rating to a Neutral from a an Outperform in a research note published on Friday. PT values the company’s stock at a premium of -27.02 to its Friday closing price.

Price Performance Review of ALSN

On Friday, Allison Transmission Holdings Inc. [NYSE:ALSN] saw its stock jump 0.86% to $60.97. On the same session, the stock had its day’s lowest price of $60.79, but rose to a high of $61.40. Over the last five days, the stock has gained 3.90%. Allison Transmission Holdings Inc. shares have risen nearly 46.56% since the year began. Nevertheless, the stocks have risen 68.15% over the past one year. While a 52-week high of $60.85 was reached on 09/01/23, a 52-week low of $32.63 was recorded on 01/03/23. SMA at 50 days reached $58.23, while 200 days put it at $48.98. A total of 0.6 million shares were traded, compared to the trading of 0.72 million shares in the previous session.

Levels Of Support And Resistance For ALSN Stock

The 24-hour chart illustrates a support level at 60.71, which if violated will result in even more drops to 60.44. On the upside, there is a resistance level at 61.32. A further resistance level may holdings at 61.66. The Relative Strength Index (RSI) on the 14-day chart is 67.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.23, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 12.01%. Stochastics %K at 84.94% indicates the stock is a selling.

How much short interest is there in Allison Transmission Holdings Inc.?

A steep rise in short interest was recorded in Allison Transmission Holdings Inc. stocks on Aug 14, 2023, dropping by -0.15 million shares to a total of 1.46 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 1.61 million shares. There was a decline of -10.27%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.18% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.14.

Allison Transmission Holdings Inc. [ALSN] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 10,026,062 shares, or roughly 11.01% of the outstanding ALSN shares. In other words, the investor’s shares have fallen by -1,343,999 from its previous 13-F filing of 11370061.0. Additionally, Fidelity Management & Research Co increased 7.25% of its stake after which the total value it holdings stand at $562,768,022, while Burgundy Asset Management Ltd. reduced -4.41% of its stake to hold $297.38 million in the firm. Over the last quarter, LSV Asset Management sold -236,638 shares of Allison Transmission Holdings Inc., while Renaissance Technologies LLC sold -173,400 shares. At present, AQR Capital Management LLC is holding 3,338,624 shares valued at $195.94 million. BlackRock Fund Advisors owned 3,332,391 shares of the company at the time of its most recent 13F filing, worth $195.58 million.


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