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 $1,055,246 were purchased by Stone John H on Dec 03 ’24. At $140.70 per share, Stone John H acquired 7,500 shares. The insider’s holdings grew to 120,481 shares worth approximately $15.74 million following the completion of this transaction.
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Also, Kemp Tracy L sold 2,466 shares, netting a total of over 343,933 in proceeds. Following the sale of shares at $139.47 each, the insider now holds 9,781 shares.
Before that, Tracy Kemp had added 2,466 shares to its account. In a trade valued at $343,928, the Officer bought Allegion plc shares for $139.47 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 drop of approximately -6.19%. Over the course of the year, Allegion plc shares have jumped approximately 3.11%. 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 $142.19, while a 200-day SMA reached $132.44. Nevertheless, trading volume fell to 1.18 million shares from 0.9 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 129.56, which, if violated, would cause prices to drop to 128.49. In the upper region, resistance lies at 132.64. The next price resistance is at 134.65. RSI (Relative Strength Index) is 21.73 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.36, which suggests the price will decrease in the coming days. Percent R is at 99.07%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
