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. Ally Financial Inc shares valued at $131,251 were sold by DEBRUNNER DAVID J on Dec 29 ’23. At $35.00 per share, DEBRUNNER DAVID J sold 3,750 shares. The insider’s holdings dropped to 100,787 shares worth approximately $3.65 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, DEBRUNNER DAVID J sold 7,500 shares, netting a total of over 253,500 in proceeds. Following the sale of shares at $33.80 each, the insider now holds 108,287 shares.
Before that, DEBRUNNER DAVID J had sold 3,750 shares from its account. In a trade valued at $131,250, the VP, CAO, Controller traded Ally Financial Inc shares for $35.00 each. Upon closing the transaction, the insider’s holdings decreased to 3,750 shares, worth approximately $3.79 million.
As published in a research note from Raymond James on October 21, 2024, Ally Financial Inc [ALLY] has been rated up from an Underperform to a Mkt perform. Analysts at JP Morgan upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in early October. As of September 16, 2024, BTIG Research has decreased its “Buy” rating to a “Neutral” for ALLY. Earlier on July 08, 2024, JP Morgan upgraded its rating. Their new recommendation was “a Neutral” for ALLY stock which previously was a “an Underweight”.
Analyzing ALLY Stock Performance
During the last five days, there has been a drop of approximately -4.73%. Over the course of the year, Ally Financial Inc shares have jumped approximately 3.72%. Shares of the company reached a 52-week high of $45.46 on 07/31/24 and a 52-week low of $31.77 on 01/18/24. A 50-day SMA is recorded $35.20, while a 200-day SMA reached $38.40. Nevertheless, trading volume fell to 4.98 million shares from 2.6 million shares the previous day.
Support And Resistance Levels for Ally Financial Inc (ALLY)
According to the 24-hour chart, there is a support level at 35.24, which, if violated, would cause prices to drop to 34.25. In the upper region, resistance lies at 37.01. The next price resistance is at 37.80. RSI (Relative Strength Index) is 51.56 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.35, which suggests the price will decrease in the coming days. Percent R is at 51.09%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
