Allstate Corp’s recently made public that its Chairman, President & CEO WILSON THOMAS J unloaded Company’s shares for reported $6.41 million on Nov 22 ’24. In the deal valued at $203.57 per share,31,503 shares were sold. As a result of this transaction, WILSON THOMAS J now holds 157,513 shares worth roughly $31.35 million.
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Then, WILSON THOMAS J bought 31,503 shares, generating $6,413,009 in total proceeds.
Before that, Dugenske John E sold 36,367 shares. Allstate Corp shares valued at $6,959,905 were divested by the Pres, Invest. & Corp. Strategy at a price of $191.38 per share. As a result of the transaction, Dugenske John E now holds 27,364 shares, worth roughly $5.45 million.
Barclays initiated its Allstate Corp [ALL] rating to an Underweight in a research note published on September 05, 2024; the price target was $175. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who increased its forecast for the stock in mid August from “an Underweight” to “an Equal weight”. BMO Capital Markets also remained covering ALL and has increased its forecast on July 18, 2024 with a “an Outperform” recommendation from previously “Market perform” rating. HSBC Securities revised its rating on March 28, 2024. It rated ALL as “a Buy” which previously was an “a Hold”.
Price Performance Review of ALL
On Monday, Allstate Corp [NYSE:ALL] saw its stock fall -2.26% to $199.04. Over the last five days, the stock has lost -2.62%. Allstate Corp shares have risen nearly 42.19% since the year began. Nevertheless, the stocks have risen 43.17% over the past one year. While a 52-week high of $209.88 was reached on 11/27/24, a 52-week low of $134.17 was recorded on 01/02/24. SMA at 50 days reached $194.22, while 200 days put it at $176.36.
Levels Of Support And Resistance For ALL Stock
The 24-hour chart illustrates a support level at 197.15, which if violated will result in even more drops to 195.27. On the upside, there is a resistance level at 202.67. A further resistance level may holdings at 206.31. The Relative Strength Index (RSI) on the 14-day chart is 49.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.00, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.89%. Stochastics %K at 44.98% indicates the stock is a holding.
How much short interest is there in Allstate Corp?
A steep rise in short interest was recorded in Allstate Corp stocks on 2024-11-15, dropping by -0.18 million shares to a total of 2.02 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 2.21 million shares. There was a decline of -9.02%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on January 10, 2024 when TD Cowen began covering the stock and recommended ‘”an Outperform”‘ rating along with a $193 price target.
