Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Autoliv Inc. shares valued at $463,677 were sold by Bratt Mikael on Feb 21 ’24. At $109.72 per share, Bratt Mikael sold 4,226 shares. The insider’s holdings dropped to 17,547 shares worth approximately $2.07 million following the completion of this transaction.
Also, Westin Fredrik sold 1,318 shares, netting a total of over 144,888 in proceeds. Following the sale of shares at $109.93 each, the insider now holds 5,458 shares.
Before that, Jarlegren Magnus had sold 975 shares from its account. In a trade valued at $107,172, the President, Autoliv Europe traded Autoliv Inc. shares for $109.92 each. Upon closing the transaction, the insider’s holdings decreased to 975 shares, worth approximately $0.57 million.
As published in a research note from Berenberg on January 12, 2024, Autoliv Inc. [ALV] has been rated up from a Hold to a Buy and the price target has been revised to $120. Analysts at Wolfe Research downgraded the stock from ‘”an Outperform”‘ to ‘”a Peer perform”‘ outlook in a report released in early January. As of May 11, 2023, Kepler has increased its “Hold” rating to a “Buy” for ALV.
Analyzing ALV Stock Performance
During the last five days, there has been a surge of approximately 1.94%. Over the course of the year, Autoliv Inc. shares have jumped approximately 7.03%. Shares of the company reached a 52-week high of $124.38 on 03/25/24 and a 52-week low of $100.91 on 01/17/24. A 50-day SMA is recorded $117.17, while a 200-day SMA reached $104.08. Nevertheless, trading volume fell to 0.74 million shares from 0.42 million shares the previous day.
Support And Resistance Levels for Autoliv Inc. (ALV)
According to the 24-hour chart, there is a support level at 117.23, which, if violated, would cause prices to drop to 116.51. In the upper region, resistance lies at 118.70. The next price resistance is at 119.46. RSI (Relative Strength Index) is 51.76 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.49, which suggests the price will decrease in the coming days. Percent R is at 49.94%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
