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. Allison Transmission Holdings Inc shares valued at $1,384,340 were sold by Graziosi David S. on Nov 29 ’24. At $119.44 per share, Graziosi David S. sold 11,590 shares. The insider’s holdings dropped to 168,833 shares worth approximately $18.1 million following the completion of this transaction.
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Also, Graziosi David S. sold 1,723 shares, netting a total of over 207,200 in proceeds. Following the sale of shares at $120.26 each, the insider now holds 168,833 shares.
Before that, Graziosi David S. had added 11,590 shares to its account. In a trade valued at $1,384,339, the Officer bought Allison Transmission Holdings Inc shares for $119.44 each.
As published in their initiating research note from Raymond James on June 28, 2024, Allison Transmission Holdings Inc [ALSN] has been an Outperform and the price target has been revised to $85. Analysts at Citigroup started covering the stock with ‘”a Neutral”‘ outlook in a report released in late June. As of January 08, 2024, Morgan Stanley has initiated its “an Equal-weight” rating for ALSN. Earlier on October 16, 2023, JP Morgan upgraded its rating. Their new recommendation was “a Neutral” for ALSN stock which previously was a “an Underweight”.
Analyzing ALSN Stock Performance
During the last five days, there has been a drop of approximately -7.93%. Over the course of the year, Allison Transmission Holdings Inc shares have jumped approximately 84.39%. Shares of the company reached a 52-week high of $122.53 on 11/25/24 and a 52-week low of $55.19 on 01/03/24. A 50-day SMA is recorded $110.78, while a 200-day SMA reached $88.89. Nevertheless, trading volume fell to 0.67 million shares from 0.77 million shares the previous day.
Support And Resistance Levels for Allison Transmission Holdings Inc (ALSN)
According to the 24-hour chart, there is a support level at 105.86, which, if violated, would cause prices to drop to 104.50. In the upper region, resistance lies at 109.02. The next price resistance is at 110.82. RSI (Relative Strength Index) is 33.99 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.68, which suggests the price will decrease in the coming days. Percent R is at 92.98%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
