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. Allegion plc shares valued at $1,384,509 were sold by Eckersley Timothy P on Nov 25 ’24. At $142.63 per share, Eckersley Timothy P sold 9,707 shares. The insider’s holdings dropped to 33,293 shares worth approximately $4.71 million following the completion of this transaction.
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Also, Eckersley Timothy P sold 5,000 shares, netting a total of over 706,850 in proceeds. Following the sale of shares at $141.37 each, the insider now holds 33,293 shares.
Before that, Timothy Eckersley had added 14,707 shares to its account. In a trade valued at $2,079,000, the Officer bought Allegion plc shares for $141.36 each.
As published in a research note from Barclays on June 04, 2024, Allegion plc [ALLE] has been rated down from an Equal weight to an Underweight and the price target has been revised to $116 from $122. Analysts at Mizuho downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late February. As of February 21, 2024, Wells Fargo has decreased its “an Overweight” rating to a “an Equal weight” for ALLE. Earlier on December 04, 2023, Barclays downgraded its rating. Their new recommendation was “an Equal weight” for ALLE stock which previously was a “an Overweight”.
Analyzing ALLE Stock Performance
During the last five days, there has been a surge of approximately 1.42%. Over the course of the year, Allegion plc shares have jumped approximately 11.62%. Shares of the company reached a 52-week high of $156.10 on 10/18/24 and a 52-week low of $113.27 on 07/05/24. A 50-day SMA is recorded $143.91, while a 200-day SMA reached $131.75. Nevertheless, trading volume fell to 0.86 million shares from 0.92 million shares the previous day.
Support And Resistance Levels for Allegion plc (ALLE)
According to the 24-hour chart, there is a support level at 140.18, which, if violated, would cause prices to drop to 138.95. In the upper region, resistance lies at 142.24. The next price resistance is at 143.07. RSI (Relative Strength Index) is 48.65 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.46, which suggests the price will decrease in the coming days. Percent R is at 49.77%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
