In a filing, Allison Transmission Holdings Inc revealed its SVP, Global MSS Coll John unloaded Company’s shares for reported $0.16 million on Apr 01 ’24. In the deal valued at $81.06 per share,2,000 shares were sold. As a result of this transaction, Coll John now holds 16,420 shares worth roughly $1.35 million.
Then, Milburn Ryan A. sold 2,598 shares, generating $195,889 in total proceeds. Upon selling the shares at $75.40, the VP, Engr. & Tech Dev. now owns 14,456 shares.
Before that, Eifert Thomas sold 2,564 shares. Allison Transmission Holdings Inc shares valued at $193,326 were divested by the VP, Quality, Plan & Prog Mgmt at a price of $75.40 per share. As a result of the transaction, Eifert Thomas now holds 5,695 shares, worth roughly $0.47 million.
Morgan Stanley initiated its Allison Transmission Holdings Inc [ALSN] rating to an Equal-weight in a research note published on January 08, 2024; the price target was $62. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in mid October from “an Underweight” to “a Neutral”. Credit Suisse also remained covering ALSN and has decreased its forecast on February 22, 2022 with a “Neutral” recommendation from previously “an Outperform” rating. Morgan Stanley revised its rating on December 09, 2021. It rated ALSN as “an Underweight” which previously was an “an Equal-weight”.
Price Performance Review of ALSN
On Friday, Allison Transmission Holdings Inc [NYSE:ALSN] saw its stock jump 0.66% to $82.29. Over the last five days, the stock has gained 1.39%. Allison Transmission Holdings Inc shares have risen nearly 41.51% since the year began. Nevertheless, the stocks have risen 84.51% over the past one year. While a 52-week high of $83.42 was reached on 04/04/24, a 52-week low of $43.02 was recorded on 01/03/24. SMA at 50 days reached $72.14, while 200 days put it at $60.93. A total of 0.67 million shares were traded, compared to the trading of 0.55 million shares in the previous session.
Levels Of Support And Resistance For ALSN Stock
The 24-hour chart illustrates a support level at 81.63, which if violated will result in even more drops to 80.96. On the upside, there is a resistance level at 82.98. A further resistance level may holdings at 83.66. The Relative Strength Index (RSI) on the 14-day chart is 79.10, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.20, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 14.50%. Stochastics %K at 87.29% 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 Mar 15, 2024, dropping by 68610.0 shares to a total of 0.97 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 1.04 million shares. There was a decline of -7.06%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.45% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.18.
