Alamo Group Inc’s recently made public that its VP, Human Resources Pollock Janet S unloaded Company’s shares for reported $49706.0 on Dec 16 ’24. In the deal valued at $193.41 per share,257 shares were sold. As a result of this transaction, Pollock Janet S now holds 3,360 shares worth roughly $0.63 million.
Then, Pollock Janet S bought 257 shares, generating $49,706 in total proceeds.
Before that, Leonard Jeffery Allen sold 1,000 shares. Alamo Group Inc shares valued at $204,095 were divested by the President & CEO at a price of $204.09 per share. As a result of the transaction, Leonard Jeffery Allen now holds 35,324 shares, worth roughly $6.65 million.
Robert W. Baird initiated its Alamo Group Inc [ALG] rating to an Outperform in a research note published on September 01, 2023; the price target was $201. A number of analysts have revised their coverage, including Raymond James’s analysts, who began to cover the stock in early July with a ‘”an Outperform”‘ rating. DA Davidson also remained covering ALG and has increased its forecast on March 16, 2023 with a “Buy” recommendation from previously “Neutral” rating. DA Davidson started covering the stock on October 14, 2021. It rated ALG as “a Neutral”.
Price Performance Review of ALG
On Tuesday, Alamo Group Inc [NYSE:ALG] saw its stock jump 0.92% to $188.25. Over the last five days, the stock has lost -4.20%. Alamo Group Inc shares have fallen nearly -10.43% since the year began. Nevertheless, the stocks have fallen -11.11% over the past one year. While a 52-week high of $231.40 was reached on 02/12/24, a 52-week low of $163.74 was recorded on 07/09/24. SMA at 50 days reached $189.31, while 200 days put it at $188.32.
Levels Of Support And Resistance For ALG Stock
The 24-hour chart illustrates a support level at 186.54, which if violated will result in even more drops to 184.81. On the upside, there is a resistance level at 189.25. A further resistance level may holdings at 190.24. The Relative Strength Index (RSI) on the 14-day chart is 41.65, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -6.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.41%. Stochastics %K at 20.86% indicates the stock is a holding.
How much short interest is there in Alamo Group Inc?
A steep rise in short interest was recorded in Alamo Group Inc stocks on 2024-11-29, growing by 8042.0 shares to a total of 0.4 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 0.39 million shares. There was a rise of 2.04%, which implies that there is a positive sentiment for the stock.
