Ally Financial Inc’s recently made public that its VP, CAO, Controller DEBRUNNER DAVID J unloaded Company’s shares for reported $0.13 million on Dec 29 ’23. In the deal valued at $35.00 per share,3,750 shares were sold. As a result of this transaction, DEBRUNNER DAVID J now holds 100,787 shares worth roughly $3.52 million.
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Then, DEBRUNNER DAVID J sold 7,500 shares, generating $253,500 in total proceeds. Upon selling the shares at $33.80, the VP, CAO, Controller now owns 108,287 shares.
Before that, DEBRUNNER DAVID J sold 3,750 shares. Ally Financial Inc shares valued at $131,250 were divested by the VP, CAO, Controller at a price of $35.00 per share. As a result of the transaction, DEBRUNNER DAVID J now holds 104,537 shares, worth roughly $3.66 million.
JP Morgan upgraded its Ally Financial Inc [ALLY] rating to an Overweight from a a Neutral in a research note published on October 07, 2024; the price target was decreased to $40 from $46. A number of analysts have revised their coverage, including BTIG Research’s analysts, who decreased its forecast for the stock in mid September from “a Buy” to “a Neutral”. JP Morgan also remained covering ALLY and has increased its forecast on July 08, 2024 with a “Neutral” recommendation from previously “an Underweight” rating. Citigroup started covering the stock on June 24, 2024. It rated ALLY as “a Buy”.
Price Performance Review of ALLY
On Tuesday, Ally Financial Inc [NYSE:ALLY] saw its stock fall -2.29% to $34.97. Over the last five days, the stock has gained 0.26%. Ally Financial Inc shares have risen nearly 0.14% since the year began. Nevertheless, the stocks have risen 42.27% over the past one year. While a 52-week high of $45.46 was reached on 07/31/24, a 52-week low of $22.54 was recorded on 01/18/24. SMA at 50 days reached $37.83, while 200 days put it at $38.34.
Levels Of Support And Resistance For ALLY Stock
The 24-hour chart illustrates a support level at 34.49, which if violated will result in even more drops to 34.02. On the upside, there is a resistance level at 35.86. A further resistance level may holdings at 36.76. The Relative Strength Index (RSI) on the 14-day chart is 43.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.39, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.22%. Stochastics %K at 74.18% indicates the stock is a holding.
How much short interest is there in Ally Financial Inc?
A steep rise in short interest was recorded in Ally Financial Inc stocks on 2024-09-30, growing by 0.43 million shares to a total of 9.41 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 8.97 million shares. There was a rise of 4.61%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on June 07, 2024 when BTIG Research began covering the stock and recommended ‘”a Buy”‘ rating along with a $51 price target.
