Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Allstate Corp shares valued at $6,959,905 were sold by Dugenske John E on Sep 20 ’24. At $191.38 per share, Dugenske John E sold 36,367 shares. The insider’s holdings dropped to 27,364 shares worth approximately $5.21 million following the completion of this transaction.
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Also, Dugenske John E purchased 36,367 shares, netting a total of over 6,959,904 in proceeds.
Before that, Toohey Robert had added 4,873 shares to its account. In a trade valued at $923,921, the Former Officer bought Allstate Corp shares for $189.60 each.
As published in their initiating research note from Barclays on September 05, 2024, Allstate Corp [ALL] has been an Underweight and the price target has been revised to $175. Analysts at Wells Fargo upgraded the stock from ‘”an Underweight”‘ to ‘”an Equal weight”‘ outlook in a report released in mid August. As of July 18, 2024, BMO Capital Markets has increased its “Market perform” rating to a “an Outperform” for ALL. Earlier on March 28, 2024, HSBC Securities upgraded its rating. Their new recommendation was “a Buy” for ALL stock which previously was a “a Hold”.
Analyzing ALL Stock Performance
During the last five days, there has been a surge of approximately 0.12%. Over the course of the year, Allstate Corp shares have jumped approximately 35.89%. Shares of the company reached a 52-week high of $193.97 on 09/23/24 and a 52-week low of $140.33 on 01/02/24. A 50-day SMA is recorded $181.97, while a 200-day SMA reached $166.32. Nevertheless, trading volume fell to 0.69 million shares from 1.14 million shares the previous day.
Support And Resistance Levels for Allstate Corp (ALL)
According to the 24-hour chart, there is a support level at 189.45, which, if violated, would cause prices to drop to 188.67. In the upper region, resistance lies at 190.93. The next price resistance is at 191.64. RSI (Relative Strength Index) is 59.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.32, which suggests the price will decrease in the coming days. Percent R is at 47.05%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
