In a filing, AllianceBernstein Holding Lp revealed its Officer Hogbin Christopher acquired Company’s shares for reported $0.45 million on Jul 29 ’24. In the deal valued at $35.42 per share,12,781 shares were bought.
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Then, Hogbin Christopher sold 12,781 shares, generating $445,616 in total proceeds. Upon selling the shares at $34.87, the Global Head of Investments now owns 10,000 shares.
Before that, Burke Kate C sold 5,000 shares. AllianceBernstein Holding Lp shares valued at $147,799 were divested by the Former COO & CFO at a price of $29.56 per share. As a result of the transaction, Burke Kate C now holds 110,205 shares, worth roughly $3.61 million.
TD Cowen initiated its AllianceBernstein Holding Lp [AB] rating to an Outperform in a research note published on January 04, 2024; the price target was $36. A number of analysts have revised their coverage, including Goldman’s analysts, who increased its forecast for the stock in early October from “a Neutral” to “a Buy”. BofA Securities also remained covering AB and has increased its forecast on September 05, 2023 with a “Buy” recommendation from previously “Neutral” rating. Credit Suisse revised its rating on February 13, 2023. It rated AB as “an Outperform” which previously was an “a Neutral”.
Price Performance Review of AB
On Tuesday, AllianceBernstein Holding Lp [NYSE:AB] saw its stock jump 2.73% to $32.74. Over the last five days, the stock has lost -5.76%. AllianceBernstein Holding Lp shares have risen nearly 5.51% since the year began. Nevertheless, the stocks have risen 3.64% over the past one year. While a 52-week high of $35.67 was reached on 08/01/24, a 52-week low of $25.83 was recorded on 01/03/24. SMA at 50 days reached $33.73, while 200 days put it at $32.40. A total of 0.29 million shares were traded, compared to the trading of 0.88 million shares in the previous session.
Levels Of Support And Resistance For AB Stock
The 24-hour chart illustrates a support level at 32.07, which if violated will result in even more drops to 31.39. On the upside, there is a resistance level at 33.16. A further resistance level may holdings at 33.57. The Relative Strength Index (RSI) on the 14-day chart is 41.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.28, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 57.45%. Stochastics%K at 33.13% indicates the stock is a holding.
The most recent change occurred on October 19, 2022 when Credit Suisse began covering the stock and recommended ‘”a Neutral”‘ rating along with a $28 price target.
