Allegion plc’s recent filing unveils that its SVP-Chief Info. & Digital Ofr. Kemp Tracy L unloaded Company’s shares for reported $0.27 million on May 28 ’24. In the deal valued at $121.98 per share,2,194 shares were sold. As a result of this transaction, Kemp Tracy L now holds 11,103 shares worth roughly $1.29 million.
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Then, Eckersley Timothy P sold 2,291 shares, generating $304,130 in total proceeds. Upon selling the shares at $132.75, the Sr. VP-Allegion International now owns 33,276 shares.
Before that, Eckersley Timothy P sold 5,089 shares. Allegion plc shares valued at $664,799 were divested by the Sr. VP-Allegion International at a price of $130.63 per share. As a result of the transaction, Eckersley Timothy P now holds 0 shares, worth roughly $0.0.
Barclays downgraded its Allegion plc [ALLE] rating to an Underweight from a an Equal weight in a research note published on June 04, 2024; the price target was decreased to $116 from $122. A number of analysts have revised their coverage, including Mizuho’s analysts, who decreased its forecast for the stock in late February from “a Buy” to “a Neutral”. Wells Fargo also remained covering ALLE and has decreased its forecast on February 21, 2024 with a “an Equal weight” recommendation from previously “an Overweight” rating. Barclays revised its rating on December 04, 2023. It rated ALLE as “an Equal weight” which previously was an “an Overweight”.
Price Performance Review of ALLE
On Monday, Allegion plc [NYSE:ALLE] saw its stock fall -0.11% to $116.23. Over the last five days, the stock has lost -1.07%. Allegion plc shares have fallen nearly -8.26% since the year began. Nevertheless, the stocks have fallen -2.28% over the past one year. While a 52-week high of $136.91 was reached on 02/20/24, a 52-week low of $95.94 was recorded on 06/14/24. SMA at 50 days reached $123.43, while 200 days put it at $118.04. A total of 0.79 million shares were traded, compared to the trading of 0.48 million shares in the previous session.
Levels Of Support And Resistance For ALLE Stock
The 24-hour chart illustrates a support level at 115.39, which if violated will result in even more drops to 114.55. On the upside, there is a resistance level at 117.14. A further resistance level may holdings at 118.06. The Relative Strength Index (RSI) on the 14-day chart is 35.98, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.25, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.62%. Stochastics %K at 26.28% indicates the stock is a holding.
