AllianceBernstein Holding Lp’s recent filing unveils that its Equitable Holdings, Inc. acquired Company’s shares for reported $24.58 million on Sep 20 ’24. In the deal valued at $35.12 per share,700,000 shares were bought. As a result of this transaction, Equitable Holdings, Inc. now holds 3,766,838 shares worth roughly $134.02 million.
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Then, Equitable Holdings, Inc. bought 500,000 shares, generating $17,091,700 in total proceeds. Upon buying the shares at $34.18, the now owns 3,066,838 shares.
Before that, Stonehill Charles G.T. sold 4,000 shares. AllianceBernstein Holding Lp shares valued at $139,494 were divested by the Director at a price of $34.87 per share. As a result of the transaction, Stonehill Charles G.T. now holds 25,923 shares, worth roughly $0.92 million.
Barclays initiated its AllianceBernstein Holding Lp [AB] rating to an Equal weight in a research note published on August 27, 2024; the price target was $35. A number of analysts have revised their coverage, including TD Cowen’s analysts, who began to cover the stock in early January with a ‘”an Outperform”‘ rating. Goldman also remained covering AB and has increased its forecast on October 03, 2023 with a “Buy” recommendation from previously “Neutral” rating. BofA Securities revised its rating on September 05, 2023. It rated AB as “a Buy” which previously was an “a Neutral”.
Price Performance Review of AB
On Friday, AllianceBernstein Holding Lp [NYSE:AB] saw its stock fall -3.10% to $35.58. Over the last five days, the stock has lost -2.71%. AllianceBernstein Holding Lp shares have risen nearly 14.66% since the year began. Nevertheless, the stocks have risen 27.03% over the past one year. While a 52-week high of $38.96 was reached on 10/18/24, a 52-week low of $27.58 was recorded on 01/03/24. SMA at 50 days reached $36.22, while 200 days put it at $34.33.
Levels Of Support And Resistance For AB Stock
The 24-hour chart illustrates a support level at 34.90, which if violated will result in even more drops to 34.22. On the upside, there is a resistance level at 36.62. A further resistance level may holdings at 37.66. The Relative Strength Index (RSI) on the 14-day chart is 42.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.20, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.58%. Stochastics %K at 36.93% indicates the stock is a holding.
How much short interest is there in AllianceBernstein Holding Lp?
A steep rise in short interest was recorded in AllianceBernstein Holding Lp stocks on 2024-10-31, growing by 21524.0 shares to a total of 0.93 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 0.91 million shares. There was a rise of 2.32%, which implies that there is a positive sentiment for the stock.
