Allstate Corp’s filing revealed 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 $10.56 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 $9.98 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 -0.63% to $165.76. Over the last five days, the stock has lost -3.83%. Allstate Corp shares have risen nearly 18.42% since the year began. Nevertheless, the stocks have risen 45.26% 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 $162.81, while 200 days put it at $134.04. A total of 1.13 million shares were traded, compared to the trading of 1.71 million shares in the previous session.
Levels Of Support And Resistance For ALL Stock
The 24-hour chart illustrates a support level at 164.53, which if violated will result in even more drops to 163.30. On the upside, there is a resistance level at 167.92. A further resistance level may holdings at 170.08. The Relative Strength Index (RSI) on the 14-day chart is 48.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.76%. Stochastics %K at 14.39% indicates the stock is a buying.
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.
