Allstate Corp’s recently made public that its SVP, Controller, and CAO Pintozzi John C unloaded Company’s shares for reported $0.64 million on Feb 27 ’24. In the deal valued at $159.47 per share,4,000 shares were sold. As a result of this transaction, Pintozzi John C now holds 10,736 shares worth roughly $1.77 million.
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Then, Rizzo Mario sold 24,698 shares, generating $4,001,076 in total proceeds. Upon selling the shares at $162.00, the PresPersonalProperty-Liability now owns 60,200 shares.
Before that, Merten Jesse E sold 19,458 shares. Allstate Corp shares valued at $3,159,653 were divested by the EVP & Chief Financial Officer at a price of $162.38 per share. As a result of the transaction, Merten Jesse E now holds 16,721 shares, worth roughly $2.76 million.
TD Cowen initiated its Allstate Corp [ALL] rating to an Outperform in a research note published on January 10, 2024; the price target was $193. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in early January from “a Hold” to “a Buy”. Morgan Stanley also remained covering ALL and has increased its forecast on January 04, 2024 with a “an Overweight” recommendation from previously “an Equal-weight” rating. HSBC Securities started covering the stock on December 28, 2023. It rated ALL as “a Hold”.
Price Performance Review of ALL
On Friday, Allstate Corp [NYSE:ALL] saw its stock jump 1.90% to $165.25. Over the last five days, the stock has gained 1.88%. Allstate Corp shares have risen nearly 18.05% since the year began. Nevertheless, the stocks have risen 52.26% over the past one year. While a 52-week high of $168.05 was reached on 02/08/24, a 52-week low of $100.57 was recorded on 01/02/24. SMA at 50 days reached $158.16, while 200 days put it at $129.53. A total of 1.57 million shares were traded, compared to the trading of 1.95 million shares in the previous session.
Levels Of Support And Resistance For ALL Stock
The 24-hour chart illustrates a support level at 163.31, which if violated will result in even more drops to 161.36. On the upside, there is a resistance level at 166.38. A further resistance level may holdings at 167.51. The Relative Strength Index (RSI) on the 14-day chart is 67.12, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.68, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.96%. Stochastics %K at 82.20% indicates the stock is a selling.
How much short interest is there in Allstate Corp?
A steep rise in short interest was recorded in Allstate Corp stocks on Feb 29, 2024, growing by 0.8 million shares to a total of 2.77 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 1.97 million shares. There was a rise of 28.88%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.06% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.74.
The most recent change occurred on June 20, 2023 when Morgan Stanley began covering the stock and recommended ‘”an Equal-weight”‘ rating along with a $117 price target.
