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The Attractiveness of Investing In Allison Transmission Holdings Inc (ALSN) is Growing

Allison Transmission Holdings Inc’s recently made public that its Officer Coll John acquired Company’s shares for reported $0.24 million on Nov 15 ’24. In the deal valued at $117.73 per share,2,000 shares were bought.

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Then, Scroggins Eric C. sold 2,762 shares, generating $302,812 in total proceeds. Upon selling the shares at $109.64, the VP, Gen. Counsel & Secretary now owns 12,610 shares.

Before that, Basso Rafael bought 12,114 shares. Allison Transmission Holdings Inc shares valued at $1,280,952 were divested by the Officer at a price of $105.74 per share.

Raymond James initiated its Allison Transmission Holdings Inc [ALSN] rating to an Outperform in a research note published on June 28, 2024; the price target was $85. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in late June with a ‘”a Neutral”‘ rating. Morgan Stanley began covering ALSN with “an Equal-weight” recommendation on January 08, 2024. JP Morgan revised its rating on October 16, 2023. It rated ALSN as “a Neutral” which previously was an “an Underweight”.

Price Performance Review of ALSN

On Friday, Allison Transmission Holdings Inc [NYSE:ALSN] saw its stock fall -1.33% to $116.11. Over the last five days, the stock has lost -2.40%. Allison Transmission Holdings Inc shares have risen nearly 99.67% since the year began. Nevertheless, the stocks have risen 115.50% over the past one year. While a 52-week high of $121.36 was reached on 11/11/24, a 52-week low of $52.83 was recorded on 01/03/24. SMA at 50 days reached $100.18, while 200 days put it at $83.56.

Levels Of Support And Resistance For ALSN Stock

The 24-hour chart illustrates a support level at 114.97, which if violated will result in even more drops to 113.82. On the upside, there is a resistance level at 117.72. A further resistance level may holdings at 119.32. The Relative Strength Index (RSI) on the 14-day chart is 69.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.42, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 22.98%. Stochastics %K at 83.44% indicates the stock is a selling.

How much short interest is there in Allison Transmission Holdings Inc?

A steep rise in short interest was recorded in Allison Transmission Holdings Inc stocks on 2024-10-31, growing by 2468.0 shares to a total of 1.41 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.41 million shares. There was a rise of 0.18%, which implies that there is a positive sentiment for the stock.

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