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Autoliv Inc. (ALV) may enjoy gains as insiders got busy in the recent days

In a filing, Autoliv Inc. revealed its Director Carlson Jan unloaded Company’s shares for reported $0.24 million on May 31 ’24. In the deal valued at $126.75 per share,1,900 shares were sold. As a result of this transaction, Carlson Jan now holds 77,493 shares worth roughly $8.47 million.

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Then, Bratt Mikael sold 4,226 shares, generating $463,677 in total proceeds. Upon selling the shares at $109.72, the President and CEO now owns 17,547 shares.

Before that, Westin Fredrik sold 1,318 shares. Autoliv Inc. shares valued at $144,888 were divested by the EVP Finance and CFO at a price of $109.93 per share. As a result of the transaction, Westin Fredrik now holds 5,458 shares, worth roughly $0.6 million.

UBS upgraded its Autoliv Inc. [ALV] rating to a Buy from a a Neutral in a research note published on May 28, 2024; the price target was increased to $141 from $102. A number of analysts have revised their coverage, including Berenberg’s analysts, who increased its forecast for the stock in mid January from “a Hold” to “a Buy”. Wolfe Research also remained covering ALV and has decreased its forecast on January 04, 2024 with a “Peer perform” recommendation from previously “an Outperform” rating. Kepler revised its rating on May 11, 2023. It rated ALV as “a Buy” which previously was an “a Hold”.

Price Performance Review of ALV

On Friday, Autoliv Inc. [NYSE:ALV] saw its stock fall -3.83% to $109.35. Over the last five days, the stock has lost -8.50%. Autoliv Inc. shares have fallen nearly -0.76% since the year began. Nevertheless, the stocks have risen 25.32% over the past one year. While a 52-week high of $129.38 was reached on 05/28/24, a 52-week low of $82.21 was recorded on 01/17/24. SMA at 50 days reached $120.82, while 200 days put it at $108.75. A total of 1.18 million shares were traded, compared to the trading of 1.25 million shares in the previous session.

Levels Of Support And Resistance For ALV Stock

The 24-hour chart illustrates a support level at 107.80, which if violated will result in even more drops to 106.26. On the upside, there is a resistance level at 111.22. A further resistance level may holdings at 113.10. The Relative Strength Index (RSI) on the 14-day chart is 24.74, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -8.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.26%. Stochastics %K at 8.11% indicates the stock is a buying.

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