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 $11.18 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 $10.56 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 jump 1.42% to $175.41. Over the last five days, the stock has gained 5.82%. Allstate Corp shares have risen nearly 25.31% since the year began. Nevertheless, the stocks have risen 49.44% over the past one year. While a 52-week high of $174.57 was reached on 04/22/24, a 52-week low of $100.57 was recorded on 01/02/24. SMA at 50 days reached $163.86, while 200 days put it at $135.52. A total of 1.6 million shares were traded, compared to the trading of 2.37 million shares in the previous session.
Levels Of Support And Resistance For ALL Stock
The 24-hour chart illustrates a support level at 173.17, which if violated will result in even more drops to 170.94. On the upside, there is a resistance level at 176.88. A further resistance level may holdings at 178.36. The Relative Strength Index (RSI) on the 14-day chart is 64.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.16, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.71%. Stochastics %K at 80.96% indicates the stock is a selling.
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.
