Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Allison Transmission Holdings Inc shares valued at $235,454 were sold by Coll John on Nov 15 ’24. At $117.73 per share, Coll John sold 2,000 shares. The insider’s holdings dropped to 8,420 shares worth approximately $0.97 million following the completion of this transaction.
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Also, Coll John purchased 2,000 shares, netting a total of over 235,454 in proceeds.
Before that, Scroggins Eric C. had sold 2,762 shares from its account. In a trade valued at $302,812, the VP, Gen. Counsel & Secretary traded Allison Transmission Holdings Inc shares for $109.64 each. Upon closing the transaction, the insider’s holdings decreased to 2,762 shares, worth approximately $1.45 million.
As published in their initiating research note from Raymond James on June 28, 2024, Allison Transmission Holdings Inc [ALSN] has been an Outperform and the price target has been revised to $85. Analysts at Citigroup started covering the stock with ‘”a Neutral”‘ outlook in a report released in late June. As of January 08, 2024, Morgan Stanley has initiated its “an Equal-weight” rating for ALSN. Earlier on October 16, 2023, JP Morgan upgraded its rating. Their new recommendation was “a Neutral” for ALSN stock which previously was a “an Underweight”.
Analyzing ALSN Stock Performance
During the last five days, there has been a drop of approximately -3.14%. Over the course of the year, Allison Transmission Holdings Inc shares have jumped approximately 98.13%. Shares of the company reached a 52-week high of $121.36 on 11/11/24 and a 52-week low of $55.19 on 01/03/24. A 50-day SMA is recorded $101.95, while a 200-day SMA reached $84.39. Nevertheless, trading volume fell to 0.53 million shares from 0.42 million shares the previous day.
Support And Resistance Levels for Allison Transmission Holdings Inc (ALSN)
According to the 24-hour chart, there is a support level at 113.98, which, if violated, would cause prices to drop to 112.74. In the upper region, resistance lies at 116.38. The next price resistance is at 117.55. RSI (Relative Strength Index) is 63.76 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.65, which suggests the price will decrease in the coming days. Percent R is at 38.01%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
