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Analyzing Ally Financial Inc (ALLY) After Recent Trading Activity

Ally Financial Inc’s recently made public 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 $4.0 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 $4.29 million.

BofA Securities upgraded its Ally Financial Inc [ALLY] rating to a Buy from a a Neutral in a research note published on April 09, 2024; the price target was increased to $46 from $42. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in early April from “a Neutral” to “an Underweight”. Morgan Stanley also remained covering ALLY and has increased its forecast on February 08, 2024 with a “an Overweight” recommendation from previously “an Equal-weight” rating. Deutsche Bank started covering the stock on January 10, 2024. It rated ALLY as “a Buy”.

Price Performance Review of ALLY

On Monday, Ally Financial Inc [NYSE:ALLY] saw its stock jump 0.63% to $39.66. Over the last five days, the stock has lost -0.60%. Ally Financial Inc shares have risen nearly 13.57% since the year began. Nevertheless, the stocks have risen 56.82% 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 $38.57, while 200 days put it at $32.21. A total of 2.05 million shares were traded, compared to the trading of 1.33 million shares in the previous session.

Levels Of Support And Resistance For ALLY Stock

The 24-hour chart illustrates a support level at 39.43, which if violated will result in even more drops to 39.21. On the upside, there is a resistance level at 39.94. A further resistance level may holdings at 40.23. The Relative Strength Index (RSI) on the 14-day chart is 56.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 22.50%. Stochastics %K at 69.79% indicates the stock is a holding.

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