Ally Financial Inc’s filing revealed that its VP, CAO, Controller DEBRUNNER DAVID J unloaded Company’s shares for reported $0.13 million on Dec 29 ’23. In the deal valued at $35.00 per share,3,750 shares were sold. As a result of this transaction, DEBRUNNER DAVID J now holds 100,787 shares worth roughly $3.4 million.
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Then, DEBRUNNER DAVID J sold 7,500 shares, generating $253,500 in total proceeds. Upon selling the shares at $33.80, the VP, CAO, Controller now owns 108,287 shares.
Before that, DEBRUNNER DAVID J sold 3,750 shares. Ally Financial Inc shares valued at $131,250 were divested by the VP, CAO, Controller at a price of $35.00 per share. As a result of the transaction, DEBRUNNER DAVID J now holds 104,537 shares, worth roughly $3.53 million.
BTIG Research downgraded its Ally Financial Inc [ALLY] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in early July from “an Underweight” to “a Neutral”. Citigroup began covering ALLY with “Buy” recommendation on June 24, 2024. BTIG Research started covering the stock on June 07, 2024. It rated ALLY as “a Buy”.
Price Performance Review of ALLY
On Tuesday, Ally Financial Inc [NYSE:ALLY] saw its stock jump 2.21% to $33.76. Over the last five days, the stock has gained 3.34%. Ally Financial Inc shares have fallen nearly -3.32% since the year began. Nevertheless, the stocks have risen 16.01% over the past one year. While a 52-week high of $45.46 was reached on 07/31/24, a 52-week low of $22.54 was recorded on 01/18/24. SMA at 50 days reached $40.96, while 200 days put it at $38.09.
Levels Of Support And Resistance For ALLY Stock
The 24-hour chart illustrates a support level at 33.10, which if violated will result in even more drops to 32.43. On the upside, there is a resistance level at 34.56. A further resistance level may holdings at 35.35. The Relative Strength Index (RSI) on the 14-day chart is 27.40, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.60, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.94%. Stochastics %K at 11.40% indicates the stock is a buying.
How much short interest is there in Ally Financial Inc?
A steep rise in short interest was recorded in Ally Financial Inc stocks on 2024-08-30, growing by 0.99 million shares to a total of 8.97 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 7.99 million shares. There was a rise of 11.0%, which implies that there is a positive sentiment for the stock.
