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Recent Insider Activity Suggests Potential Gains for Autoliv Inc. (ALV)

Autoliv Inc.’s recent filing unveils that 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 $7.88 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 $0.56 million.

Wolfe Research upgraded its Autoliv Inc. [ALV] rating to an Outperform from a a Peer perform in a research note published recently. UBS also remained covering ALV and has increased its forecast on May 28, 2024 with a “Buy” recommendation from previously “Neutral” rating. Berenberg revised its rating on January 12, 2024. It rated ALV as “a Buy” which previously was an “a Hold”.

Price Performance Review of ALV

On Monday, Autoliv Inc. [NYSE:ALV] saw its stock jump 1.78% to $101.72. Over the last five days, the stock has gained 7.34%. Autoliv Inc. shares have fallen nearly -7.69% since the year began. Nevertheless, the stocks have risen 10.60% over the past one year. While a 52-week high of $129.38 was reached on 05/28/24, a 52-week low of $89.37 was recorded on 08/05/24. SMA at 50 days reached $104.48, while 200 days put it at $110.34.

Levels Of Support And Resistance For ALV Stock

The 24-hour chart illustrates a support level at 100.60, which if violated will result in even more drops to 99.48. On the upside, there is a resistance level at 102.36. A further resistance level may holdings at 103.01. The Relative Strength Index (RSI) on the 14-day chart is 53.85, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.99, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.19%. Stochastics%K at 79.48% indicates the stock is a holding.

How much short interest is there in Autoliv Inc.?

A steep rise in short interest was recorded in Autoliv Inc. stocks on 2024-07-31, growing by 0.78 million shares to a total of 2.91 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 2.13 million shares. There was a rise of 26.91%, which implies that there is a positive sentiment for the stock.

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