Ally Financial Inc’s recent filing unveils that its VP, CAO, Controller DEBRUNNER DAVID J unloaded Company’s shares for reported $0.13 million on Dec 29 ’23. In the deal valued at $35.00 per share,3,750 shares were sold. As a result of this transaction, DEBRUNNER DAVID J now holds 100,787 shares worth roughly $3.89 million.
Then, DEBRUNNER DAVID J sold 3,750 shares, generating $131,250 in total proceeds. Upon selling the shares at $35.00, the VP, CAO, Controller now owns 104,537 shares.
Before that, DEBRUNNER DAVID J sold 7,500 shares. Ally Financial Inc shares valued at $253,500 were divested by the VP, CAO, Controller at a price of $33.80 per share. As a result of the transaction, DEBRUNNER DAVID J now holds 108,287 shares, worth roughly $4.18 million.
JP Morgan downgraded its Ally Financial Inc [ALLY] rating to an Underweight from a a Neutral in a research note published on April 03, 2024; the price target was increased to $39 from $37. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in early February from “an Equal-weight” to “an Overweight”. Deutsche Bank began covering ALLY with “Buy” recommendation on January 10, 2024. BMO Capital Markets revised its rating on January 10, 2024. It rated ALLY as “a Market perform” which previously was an “an Outperform”.
Price Performance Review of ALLY
On Monday, Ally Financial Inc [NYSE:ALLY] saw its stock jump 0.50% to $38.57. Over the last five days, the stock has lost -2.58%. Ally Financial Inc shares have risen nearly 10.45% since the year began. Nevertheless, the stocks have risen 50.96% over the past one year. While a 52-week high of $41.56 was reached on 03/21/24, a 52-week low of $22.54 was recorded on 01/18/24. SMA at 50 days reached $37.45, while 200 days put it at $30.83. A total of 2.59 million shares were traded, compared to the trading of 2.21 million shares in the previous session.
Levels Of Support And Resistance For ALLY Stock
The 24-hour chart illustrates a support level at 38.30, which if violated will result in even more drops to 38.03. On the upside, there is a resistance level at 38.86. A further resistance level may holdings at 39.15. The Relative Strength Index (RSI) on the 14-day chart is 51.65, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.79, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.07%. Stochastics %K at 26.28% indicates the stock is a holding.
How much short interest is there in Ally Financial Inc?
A steep rise in short interest was recorded in Ally Financial Inc stocks on Mar 15, 2024, dropping by -1.44 million shares to a total of 10.72 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 12.16 million shares. There was a decline of -13.43%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.95% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.77.
