Allstate Corp’s recently made public that its Officer Dugenske John E acquired Company’s shares for reported $6.96 million on Sep 20 ’24. In the deal valued at $191.38 per share,36,367 shares were bought.
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Then, Toohey Robert bought 4,873 shares, generating $923,921 in total proceeds.
Before that, WILSON THOMAS J sold 90,000 shares. Allstate Corp shares valued at $16,141,029 were divested by the Chairman, President & CEO at a price of $179.34 per share. As a result of the transaction, WILSON THOMAS J now holds 88,552 shares, worth roughly $16.91 million.
Barclays initiated its Allstate Corp [ALL] rating to an Underweight in a research note published on September 05, 2024; the price target was $175. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who increased its forecast for the stock in mid August from “an Underweight” to “an Equal weight”. BMO Capital Markets also remained covering ALL and has increased its forecast on July 18, 2024 with a “an Outperform” recommendation from previously “Market perform” rating. HSBC Securities revised its rating on March 28, 2024. It rated ALL as “a Buy” which previously was an “a Hold”.
Price Performance Review of ALL
On Friday, Allstate Corp [NYSE:ALL] saw its stock jump 0.17% to $191.00. Over the last five days, the stock has gained 1.43%. Allstate Corp shares have risen nearly 36.45% since the year began. Nevertheless, the stocks have risen 67.32% over the past one year. While a 52-week high of $192.50 was reached on 09/20/24, a 52-week low of $109.01 was recorded on 01/02/24. SMA at 50 days reached $178.91, while 200 days put it at $164.35.
Levels Of Support And Resistance For ALL Stock
The 24-hour chart illustrates a support level at 189.70, which if violated will result in even more drops to 188.39. On the upside, there is a resistance level at 192.75. A further resistance level may holdings at 194.49. The Relative Strength Index (RSI) on the 14-day chart is 66.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.71, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 18.10%. Stochastics %K at 86.90% indicates the stock is a selling.
How much short interest is there in Allstate Corp?
A steep rise in short interest was recorded in Allstate Corp stocks on 2024-08-30, dropping by -0.24 million shares to a total of 2.08 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 2.33 million shares. There was a decline of -11.67%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on January 10, 2024 when TD Cowen began covering the stock and recommended ‘”an Outperform”‘ rating along with a $193 price target.