Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Allegion plc shares valued at $973,737 were purchased by Jeffrey Braun on Aug 05 ’24. At $126.87 per share, Jeffrey Braun acquired 7,675 shares.
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Also, Stone John H purchased 5,000 shares, netting a total of over 674,925 in proceeds. Following the buying of shares at $134.99 each, the insider now holds 118,640 shares.
Before that, MIZELL STEVEN had added 1,000 shares to its account. In a trade valued at $136,530, the Director bought Allegion plc shares for $136.53 each. Upon closing the transaction, the insider’s holdings increased to 1,000 shares, worth approximately $0.8 million.
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 3.33%. Over the course of the year, Allegion plc shares have jumped approximately 13.47%. Shares of the company reached a 52-week high of $146.41 on 09/18/24 and a 52-week low of $113.27 on 07/05/24. A 50-day SMA is recorded $133.17, while a 200-day SMA reached $126.28. Nevertheless, trading volume fell to 0.86 million shares from 0.49 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 142.41, which, if violated, would cause prices to drop to 141.06. In the upper region, resistance lies at 145.74. The next price resistance is at 147.72. RSI (Relative Strength Index) is 72.28 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.60, which suggests the price will increase in the coming days. Percent R is at 20.56%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
