Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Ally Financial Inc shares valued at $131,251 were sold by DEBRUNNER DAVID J on Dec 29 ’23. At $35.00 per share, DEBRUNNER DAVID J sold 3,750 shares. The insider’s holdings dropped to 100,787 shares worth approximately $3.78 million following the completion of this transaction.
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Also, DEBRUNNER DAVID J sold 7,500 shares, netting a total of over 253,500 in proceeds. Following the sale of shares at $33.80 each, the insider now holds 108,287 shares.
Before that, DEBRUNNER DAVID J had sold 3,750 shares from its account. In a trade valued at $131,250, the VP, CAO, Controller traded Ally Financial Inc shares for $35.00 each. Upon closing the transaction, the insider’s holdings decreased to 3,750 shares, worth approximately $3.92 million.
As published in a research note from Wolfe Research on December 05, 2024, Ally Financial Inc [ALLY] has been rated down from an Outperform to a Peer perform. Analysts at Raymond James upgraded the stock from ‘”an Underperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in late October. As of October 07, 2024, JP Morgan has increased its “Neutral” rating to a “an Overweight” for ALLY. Earlier on September 16, 2024, BTIG Research downgraded its rating. Their new recommendation was “a Neutral” for ALLY stock which previously was a “a Buy”.
Analyzing ALLY Stock Performance
During the last five days, there has been a drop of approximately -2.22%. Over the course of the year, Ally Financial Inc shares have jumped approximately 7.45%. Shares of the company reached a 52-week high of $45.46 on 07/31/24 and a 52-week low of $31.77 on 01/18/24. A 50-day SMA is recorded $36.50, while a 200-day SMA reached $38.57. Nevertheless, trading volume fell to 3.06 million shares from 5.43 million shares the previous day.
Support And Resistance Levels for Ally Financial Inc (ALLY)
According to the 24-hour chart, there is a support level at 37.11, which, if violated, would cause prices to drop to 36.71. In the upper region, resistance lies at 38.32. The next price resistance is at 39.12. RSI (Relative Strength Index) is 48.28 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.60, which suggests the price will decrease in the coming days. Percent R is at 84.23%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
