The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. AllianceBernstein Holding Lp shares valued at $17,091,700 were purchased by Equitable Holdings, Inc. on Sep 20 ’24. At $34.18 per share, Equitable Holdings, Inc. acquired 500,000 shares. The insider’s holdings grew to 3,066,838 shares worth approximately $117.64 million following the completion of this transaction.
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Also, Stonehill Charles G.T. sold 4,000 shares, netting a total of over 139,494 in proceeds. Following the sale of shares at $34.87 each, the insider now holds 25,923 shares.
Before that, Stonehill Charles G.T. had added 4,000 shares to its account. In a trade valued at $140,000, the Director bought AllianceBernstein Holding Lp shares for $35.00 each.
As published in their initiating research note from Barclays on August 27, 2024, AllianceBernstein Holding Lp [AB] has been an Equal weight and the price target has been revised to $35. Analysts at TD Cowen started covering the stock with ‘”an Outperform”‘ outlook in a report released in early January. As of October 03, 2023, Goldman has increased its “Neutral” rating to a “Buy” for AB. Earlier on September 05, 2023, BofA Securities upgraded its rating. Their new recommendation was “a Buy” for AB stock which previously was a “a Neutral”.
Analyzing AB Stock Performance
During the last five days, there has been a drop of approximately -0.13%. Over the course of the year, AllianceBernstein Holding Lp shares have jumped approximately 23.62%. Shares of the company reached a 52-week high of $38.96 on 10/18/24 and a 52-week low of $30.10 on 01/03/24. A 50-day SMA is recorded $35.10, while a 200-day SMA reached $33.95. Nevertheless, trading volume fell to 0.53 million shares from 0.29 million shares the previous day.
Support And Resistance Levels for AllianceBernstein Holding Lp (AB)
According to the 24-hour chart, there is a support level at 37.78, which, if violated, would cause prices to drop to 37.20. In the upper region, resistance lies at 38.72. The next price resistance is at 39.08. RSI (Relative Strength Index) is 71.99 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.26, which suggests the price will increase in the coming days. Percent R is at 13.30%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
