Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Allison Transmission Holdings Inc shares valued at $162,121 were sold by Coll John on Apr 01 ’24. At $81.06 per share, Coll John sold 2,000 shares. The insider’s holdings dropped to 16,420 shares worth approximately $1.31 million following the completion of this transaction.
Also, Milburn Ryan A. sold 2,598 shares, netting a total of over 195,889 in proceeds. Following the sale of shares at $75.40 each, the insider now holds 14,456 shares.
Before that, Eifert Thomas had sold 2,564 shares from its account. In a trade valued at $193,326, the VP, Quality, Plan & Prog Mgmt traded Allison Transmission Holdings Inc shares for $75.40 each. Upon closing the transaction, the insider’s holdings decreased to 2,564 shares, worth approximately $0.45 million.
As published in their initiating research note from Morgan Stanley on January 08, 2024, Allison Transmission Holdings Inc [ALSN] has been an Equal-weight and the price target has been revised to $62. Analysts at JP Morgan upgraded the stock from ‘”an Underweight”‘ to ‘”a Neutral”‘ outlook in a report released in mid October. As of February 22, 2022, Credit Suisse has decreased its “an Outperform” rating to a “Neutral” for ALSN. Earlier on December 09, 2021, Morgan Stanley downgraded its rating. Their new recommendation was “an Underweight” for ALSN stock which previously was a “an Equal-weight”.
Analyzing ALSN Stock Performance
During the last five days, there has been a drop of approximately -3.04%. Over the course of the year, Allison Transmission Holdings Inc shares have jumped approximately 37.20%. Shares of the company reached a 52-week high of $83.42 on 04/04/24 and a 52-week low of $55.19 on 01/03/24. A 50-day SMA is recorded $75.42, while a 200-day SMA reached $61.98. Nevertheless, trading volume fell to 0.64 million shares from 0.6 million shares the previous day.
Support And Resistance Levels for Allison Transmission Holdings Inc (ALSN)
According to the 24-hour chart, there is a support level at 78.90, which, if violated, would cause prices to drop to 78.01. In the upper region, resistance lies at 80.63. The next price resistance is at 81.47. RSI (Relative Strength Index) is 54.80 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.12, which suggests the price will decrease in the coming days. Percent R is at 79.82%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
