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Insider Selling: Kemp Tracy L, Allegion plc [ALLE] SVP-Chief Info. & Digital Ofr. divested 2,194 shares

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Allegion plc shares valued at $267,629 were sold by Kemp Tracy L on May 28 ’24. At $121.98 per share, Kemp Tracy L sold 2,194 shares. The insider’s holdings dropped to 11,103 shares worth approximately $1.3 million following the completion of this transaction.

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Also, Eckersley Timothy P sold 2,291 shares, netting a total of over 304,130 in proceeds. Following the sale of shares at $132.75 each, the insider now holds 33,276 shares.

Before that, Eckersley Timothy P had sold 5,089 shares from its account. In a trade valued at $664,799, the Sr. VP-Allegion International traded Allegion plc shares for $130.63 each. Upon closing the transaction, the insider’s holdings decreased to 5,089 shares, worth approximately $0.0.

As published in a research note from Barclays on June 04, 2024, Allegion plc [ALLE] has been rated down from an Equal weight to an Underweight and the price target has been revised to $116 from $122. Analysts at Mizuho downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late February. As of February 21, 2024, Wells Fargo has decreased its “an Overweight” rating to a “an Equal weight” for ALLE. Earlier on December 04, 2023, Barclays downgraded its rating. Their new recommendation was “an Equal weight” for ALLE stock which previously was a “an Overweight”.

Analyzing ALLE Stock Performance

During the last five days, there has been a surge of approximately 0.77%. Over the course of the year, Allegion plc shares have dropped approximately -7.65%. Shares of the company reached a 52-week high of $136.91 on 02/20/24 and a 52-week low of $113.27 on 07/05/24. A 50-day SMA is recorded $120.07, while a 200-day SMA reached $118.66. Nevertheless, trading volume fell to 0.9 million shares from 0.28 million shares the previous day.

Support And Resistance Levels for Allegion plc (ALLE)

According to the 24-hour chart, there is a support level at 115.13, which, if violated, would cause prices to drop to 113.26. In the upper region, resistance lies at 118.04. The next price resistance is at 119.08. RSI (Relative Strength Index) is 48.44 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 45.07%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.

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