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Allison Transmission Holdings Inc (ALSN) Becoming More Attractive for Investors

Allison Transmission Holdings Inc’s recently made public that its SVP, Global MSS Coll John unloaded Company’s shares for reported $0.15 million on Jun 28 ’24. In the deal valued at $75.06 per share,2,000 shares were sold. As a result of this transaction, Coll John now holds 14,420 shares worth roughly $1.21 million.

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Then, Basso Rafael sold 12,624 shares, generating $940,236 in total proceeds. Upon selling the shares at $74.48, the VP, Operations now owns 4,624 shares.

Before that, van Niekerk Teresa sold 7,700 shares. Allison Transmission Holdings Inc shares valued at $582,856 were divested by the VP, Chief Procurement Officer at a price of $75.70 per share. As a result of the transaction, van Niekerk Teresa now holds 16,628 shares, worth roughly $1.39 million.

Raymond James initiated its Allison Transmission Holdings Inc [ALSN] rating to an Outperform in a research note published on June 28, 2024; the price target was $85. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in late June with a ‘”a Neutral”‘ rating. Morgan Stanley began covering ALSN with “an Equal-weight” recommendation on January 08, 2024. JP Morgan revised its rating on October 16, 2023. It rated ALSN as “a Neutral” which previously was an “an Underweight”.

Price Performance Review of ALSN

On Friday, Allison Transmission Holdings Inc [NYSE:ALSN] saw its stock fall -4.18% to $83.60. Over the last five days, the stock has lost -4.74%. Allison Transmission Holdings Inc shares have risen nearly 43.77% since the year began. Nevertheless, the stocks have risen 40.48% over the past one year. While a 52-week high of $89.63 was reached on 08/01/24, a 52-week low of $50.13 was recorded on 01/03/24. SMA at 50 days reached $77.83, while 200 days put it at $68.79. A total of 0.54 million shares were traded, compared to the trading of 0.58 million shares in the previous session.

Levels Of Support And Resistance For ALSN Stock

The 24-hour chart illustrates a support level at 82.12, which if violated will result in even more drops to 80.64. On the upside, there is a resistance level at 85.33. A further resistance level may holdings at 87.05. The Relative Strength Index (RSI) on the 14-day chart is 54.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.26, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 64.01%. Stochastics%K at 69.68% indicates the stock is a holding.

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