Allegion plc’s recent filing unveils that its Senior Vice President Advisory Jeffrey Braun acquired Company’s shares for reported $0.97 million on Aug 05 ’24. In the deal valued at $126.87 per share,7,675 shares were bought.
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Then, Stone John H bought 5,000 shares, generating $674,925 in total proceeds. Upon buying the shares at $134.99, the President and CEO now owns 118,640 shares.
Before that, MIZELL STEVEN bought 1,000 shares. Allegion plc shares valued at $136,530 were divested by the Director at a price of $136.53 per share. As a result of the transaction, MIZELL STEVEN now holds 5,545 shares, worth roughly $0.82 million.
Barclays downgraded its Allegion plc [ALLE] rating to an Underweight from a an Equal weight in a research note published on June 04, 2024; the price target was decreased to $116 from $122. A number of analysts have revised their coverage, including Mizuho’s analysts, who decreased its forecast for the stock in late February from “a Buy” to “a Neutral”. Wells Fargo also remained covering ALLE and has decreased its forecast on February 21, 2024 with a “an Equal weight” recommendation from previously “an Overweight” rating. Barclays revised its rating on December 04, 2023. It rated ALLE as “an Equal weight” which previously was an “an Overweight”.
Price Performance Review of ALLE
On Friday, Allegion plc [NYSE:ALLE] saw its stock jump 1.84% to $147.30. Over the last five days, the stock has gained 1.16%. Allegion plc shares have risen nearly 16.27% since the year began. Nevertheless, the stocks have risen 39.00% over the past one year. While a 52-week high of $147.14 was reached on 10/11/24, a 52-week low of $95.94 was recorded on 07/05/24. SMA at 50 days reached $138.10, while 200 days put it at $128.69.
Levels Of Support And Resistance For ALLE Stock
The 24-hour chart illustrates a support level at 145.49, which if violated will result in even more drops to 143.67. On the upside, there is a resistance level at 148.26. A further resistance level may holdings at 149.21. The Relative Strength Index (RSI) on the 14-day chart is 65.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.98, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 2.13%. Stochastics %K at 82.47% indicates the stock is a selling.
How much short interest is there in Allegion plc?
A steep rise in short interest was recorded in Allegion plc stocks on 2024-09-30, dropping by -0.42 million shares to a total of 2.3 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 2.72 million shares. There was a decline of -18.22%, which implies that there is a negative sentiment for the stock.
