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. AllianceBernstein Holding Lp shares valued at $24,581,900 were purchased by Equitable Holdings, Inc. on Sep 20 ’24. At $35.12 per share, Equitable Holdings, Inc. acquired 700,000 shares. The insider’s holdings grew to 3,766,838 shares worth approximately $138.13 million following the completion of this transaction.
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Also, Equitable Holdings, Inc. purchased 500,000 shares, netting a total of over 17,091,700 in proceeds. Following the buying of shares at $34.18 each, the insider now holds 3,066,838 shares.
Before that, Stonehill Charles G.T. had sold 4,000 shares from its account. In a trade valued at $139,494, the Director traded AllianceBernstein Holding Lp shares for $34.87 each. Upon closing the transaction, the insider’s holdings decreased to 4,000 shares, worth approximately $0.95 million.
As published in their initiating research note from Barclays on August 27, 2024, AllianceBernstein Holding Lp [AB] has been an Equal weight and the price target has been revised to $35. Analysts at TD Cowen started covering the stock with ‘”an Outperform”‘ outlook in a report released in early January. As of October 03, 2023, Goldman has increased its “Neutral” rating to a “Buy” for AB. Earlier on September 05, 2023, BofA Securities upgraded its rating. Their new recommendation was “a Buy” for AB stock which previously was a “a Neutral”.
Analyzing AB Stock Performance
During the last five days, there has been a drop of approximately -1.35%. Over the course of the year, AllianceBernstein Holding Lp shares have jumped approximately 18.18%. Shares of the company reached a 52-week high of $38.96 on 10/18/24 and a 52-week low of $30.10 on 01/03/24. A 50-day SMA is recorded $36.30, while a 200-day SMA reached $34.36. Nevertheless, trading volume fell to 0.28 million shares from 0.46 million shares the previous day.
Support And Resistance Levels for AllianceBernstein Holding Lp (AB)
According to the 24-hour chart, there is a support level at 36.17, which, if violated, would cause prices to drop to 35.68. In the upper region, resistance lies at 36.93. The next price resistance is at 37.20. RSI (Relative Strength Index) is 51.27 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.45, which suggests the price will decrease in the coming days. Percent R is at 42.92%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
