Allstate Corp’s recent filing unveils that its Pres, Invest. & Corp. Strategy Dugenske John E unloaded Company’s shares for reported $5.28 million on Mar 26 ’24. In the deal valued at $170.20 per share,31,000 shares were sold. As a result of this transaction, Dugenske John E now holds 63,731 shares worth roughly $10.98 million.
Then, Pintozzi John C sold 4,000 shares, generating $637,880 in total proceeds. Upon selling the shares at $159.47, the SVP, Controller, and CAO now owns 10,736 shares.
Before that, Rizzo Mario sold 24,698 shares. Allstate Corp shares valued at $4,001,076 were divested by the PresPersonalProperty-Liability at a price of $162.00 per share. As a result of the transaction, Rizzo Mario now holds 60,200 shares, worth roughly $10.38 million.
HSBC Securities upgraded its Allstate Corp [ALL] rating to a Buy from a a Hold in a research note published on March 28, 2024; the price target was increased to $190 from $158. A number of analysts have revised their coverage, including TD Cowen’s analysts, who began to cover the stock in early January with a ‘”an Outperform”‘ rating. Jefferies also remained covering ALL and has increased its forecast on January 09, 2024 with a “Buy” recommendation from previously “Hold” rating. Morgan Stanley revised its rating on January 04, 2024. It rated ALL as “an Overweight” which previously was an “an Equal-weight”.
Price Performance Review of ALL
On Monday, Allstate Corp [NYSE:ALL] saw its stock fall -0.27% to $172.36. Over the last five days, the stock has lost -0.12%. Allstate Corp shares have risen nearly 23.13% since the year began. Nevertheless, the stocks have risen 50.03% over the past one year. While a 52-week high of $174.57 was reached on 04/04/24, a 52-week low of $100.57 was recorded on 01/02/24. SMA at 50 days reached $161.73, while 200 days put it at $132.57. A total of 1.0 million shares were traded, compared to the trading of 0.13 million shares in the previous session.
Levels Of Support And Resistance For ALL Stock
The 24-hour chart illustrates a support level at 171.71, which if violated will result in even more drops to 171.06. On the upside, there is a resistance level at 173.30. A further resistance level may holdings at 174.24. The Relative Strength Index (RSI) on the 14-day chart is 68.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.96, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 14.90%. Stochastics %K at 84.58% 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 Mar 15, 2024, growing by 1.87 million shares to a total of 4.29 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 2.42 million shares. There was a rise of 43.59%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.64% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.1.
The most recent change occurred on December 28, 2023 when HSBC Securities began covering the stock and recommended ‘”a Hold”‘ rating along with a $145 price target.
