Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Allegion plc shares valued at $1,164,432 were sold by Martens Robert C. on Oct 25 ’24. At $144.92 per share, Martens Robert C. sold 8,035 shares. The insider’s holdings dropped to 7,104 shares worth approximately $0.99 million following the completion of this transaction.
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Also, Robert Martens purchased 8,035 shares, netting a total of over 1,167,244 in proceeds.
Before that, Jeffrey Braun had added 7,675 shares to its account. In a trade valued at $973,737, the Senior Vice President Advisory bought Allegion plc shares for $126.87 each.
As published in a research note from Barclays on June 04, 2024, Allegion plc [ALLE] has been rated down from an Equal weight to an Underweight and the price target has been revised to $116 from $122. Analysts at Mizuho downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late February. As of February 21, 2024, Wells Fargo has decreased its “an Overweight” rating to a “an Equal weight” for ALLE. Earlier on December 04, 2023, Barclays downgraded its rating. Their new recommendation was “an Equal weight” for ALLE stock which previously was a “an Overweight”.
Analyzing ALLE Stock Performance
During the last five days, there has been a drop of approximately -7.83%. Over the course of the year, Allegion plc shares have jumped approximately 9.76%. Shares of the company reached a 52-week high of $156.10 on 10/18/24 and a 52-week low of $113.27 on 07/05/24. A 50-day SMA is recorded $142.68, while a 200-day SMA reached $130.27. Nevertheless, trading volume fell to 1.08 million shares from 1.28 million shares the previous day.
Support And Resistance Levels for Allegion plc (ALLE)
According to the 24-hour chart, there is a support level at 138.07, which, if violated, would cause prices to drop to 137.09. In the upper region, resistance lies at 140.32. The next price resistance is at 141.59. RSI (Relative Strength Index) is 34.47 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -7.15, which suggests the price will decrease in the coming days. Percent R is at 96.11%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
