Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Allstate Corp shares valued at $6,413,009 were sold by WILSON THOMAS J on Nov 22 ’24. At $203.57 per share, WILSON THOMAS J sold 31,503 shares. The insider’s holdings dropped to 157,513 shares worth approximately $29.89 million following the completion of this transaction.
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Also, WILSON THOMAS J purchased 31,503 shares, netting a total of over 6,413,009 in proceeds.
Before that, Dugenske John E had sold 36,367 shares from its account. In a trade valued at $6,959,905, the Pres, Invest. & Corp. Strategy traded Allstate Corp shares for $191.38 each. Upon closing the transaction, the insider’s holdings decreased to 36,367 shares, worth approximately $5.19 million.
As published in their initiating research note from Barclays on September 05, 2024, Allstate Corp [ALL] has been an Underweight and the price target has been revised to $175. Analysts at Wells Fargo upgraded the stock from ‘”an Underweight”‘ to ‘”an Equal weight”‘ outlook in a report released in mid August. As of July 18, 2024, BMO Capital Markets has increased its “Market perform” rating to a “an Outperform” for ALL. Earlier on March 28, 2024, HSBC Securities upgraded its rating. Their new recommendation was “a Buy” for ALL stock which previously was a “a Hold”.
Analyzing ALL Stock Performance
During the last five days, there has been a drop of approximately -1.31%. Over the course of the year, Allstate Corp shares have jumped approximately 35.58%. Shares of the company reached a 52-week high of $209.88 on 11/27/24 and a 52-week low of $140.33 on 01/02/24. A 50-day SMA is recorded $195.17, while a 200-day SMA reached $177.76. Nevertheless, trading volume fell to 1.44 million shares from 1.37 million shares the previous day.
Support And Resistance Levels for Allstate Corp (ALL)
According to the 24-hour chart, there is a support level at 188.07, which, if violated, would cause prices to drop to 186.35. In the upper region, resistance lies at 191.82. The next price resistance is at 193.85. RSI (Relative Strength Index) is 38.01 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -6.62, which suggests the price will decrease in the coming days. Percent R is at 92.93%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
