Allegion plc’s filing revealed that its President and CEO Stone John H acquired Company’s shares for reported $1.06 million on Dec 03 ’24. In the deal valued at $140.70 per share,7,500 shares were bought. As a result of this transaction, Stone John H now holds 120,481 shares worth roughly $15.92 million.
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Then, Kemp Tracy L sold 2,466 shares, generating $343,933 in total proceeds. Upon selling the shares at $139.47, the SVP-Chief Info. & Digital Ofr. now owns 9,781 shares.
Before that, Tracy Kemp bought 2,466 shares. Allegion plc shares valued at $343,928 were divested by the Officer at a price of $139.47 per share.
Barclays downgraded its Allegion plc [ALLE] rating to an Underweight from a an Equal weight in a research note published on June 04, 2024; the price target was decreased to $116 from $122. A number of analysts have revised their coverage, including Mizuho’s analysts, who decreased its forecast for the stock in late February from “a Buy” to “a Neutral”. Wells Fargo also remained covering ALLE and has decreased its forecast on February 21, 2024 with a “an Equal weight” recommendation from previously “an Overweight” rating. Barclays revised its rating on December 04, 2023. It rated ALLE as “an Equal weight” which previously was an “an Overweight”.
Price Performance Review of ALLE
On Monday, Allegion plc [NYSE:ALLE] saw its stock fall -0.04% to $132.13. Over the last five days, the stock has lost -3.92%. Allegion plc shares have risen nearly 4.29% since the year began. Nevertheless, the stocks have risen 7.41% over the past one year. While a 52-week high of $156.10 was reached on 10/18/24, a 52-week low of $113.27 was recorded on 07/05/24. SMA at 50 days reached $141.64, while 200 days put it at $132.45.
Levels Of Support And Resistance For ALLE Stock
The 24-hour chart illustrates a support level at 131.16, which if violated will result in even more drops to 130.20. On the upside, there is a resistance level at 132.82. A further resistance level may holdings at 133.52. The Relative Strength Index (RSI) on the 14-day chart is 28.91, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.78, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.12%. Stochastics %K at 9.68% indicates the stock is a buying.
How much short interest is there in Allegion plc?
A steep rise in short interest was recorded in Allegion plc stocks on 2024-11-29, dropping by -0.26 million shares to a total of 1.46 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 1.72 million shares. There was a decline of -17.79%, which implies that there is a negative sentiment for the stock.
