Allison Transmission Holdings Inc’s recent filing unveils that its SVP, Global MSS Coll John unloaded Company’s shares for reported $0.19 million on Sep 30 ’24. In the deal valued at $95.80 per share,2,000 shares were sold. As a result of this transaction, Coll John now holds 10,420 shares worth roughly $1.04 million.
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Then, Coll John bought 2,000 shares, generating $191,600 in total proceeds.
Before that, Eifert Thomas bought 2,000 shares. Allison Transmission Holdings Inc shares valued at $190,000 were divested by the Officer at a price of $95.00 per share.
Raymond James initiated its Allison Transmission Holdings Inc [ALSN] rating to an Outperform in a research note published on June 28, 2024; the price target was $85. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in late June with a ‘”a Neutral”‘ rating. Morgan Stanley began covering ALSN with “an Equal-weight” recommendation on January 08, 2024. JP Morgan revised its rating on October 16, 2023. It rated ALSN as “a Neutral” which previously was an “an Underweight”.
Price Performance Review of ALSN
On Monday, Allison Transmission Holdings Inc [NYSE:ALSN] saw its stock jump 0.32% to $99.37. Over the last five days, the stock has gained 3.44%. Allison Transmission Holdings Inc shares have risen nearly 70.89% since the year began. Nevertheless, the stocks have risen 69.08% over the past one year. While a 52-week high of $99.08 was reached on 10/07/24, a 52-week low of $50.13 was recorded on 01/03/24. SMA at 50 days reached $89.21, while 200 days put it at $76.63.
Levels Of Support And Resistance For ALSN Stock
The 24-hour chart illustrates a support level at 98.26, which if violated will result in even more drops to 97.14. On the upside, there is a resistance level at 100.61. A further resistance level may holdings at 101.84. The Relative Strength Index (RSI) on the 14-day chart is 79.10, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.72, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.99%. Stochastics %K at 93.37% indicates the stock is a selling.
How much short interest is there in Allison Transmission Holdings Inc?
A steep rise in short interest was recorded in Allison Transmission Holdings Inc stocks on 2024-09-13, dropping by 70603.0 shares to a total of 1.19 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 1.26 million shares. There was a decline of -5.93%, which implies that there is a negative sentiment for the stock.
