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 $6,070,790 were sold by WILSON THOMAS J on Dec 23 ’24. At $192.71 per share, WILSON THOMAS J sold 31,503 shares. The insider’s holdings dropped to 126,010 shares worth approximately $24.19 million following the completion of this transaction.
Also, WILSON THOMAS J purchased 31,503 shares, netting a total of over 6,070,792 in proceeds.
Before that, WILSON THOMAS J had sold 31,503 shares from its account. In a trade valued at $6,413,009, the Chairman, President & CEO traded Allstate Corp shares for $203.57 each. Upon closing the transaction, the insider’s holdings decreased to 31,503 shares, worth approximately $30.23 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 -1.83%. Over the course of the year, Allstate Corp shares have dropped approximately -0.44%. Shares of the company reached a 52-week high of $193.76 on 01/02/25 and a 52-week low of $190.42 on 01/02/25. A 50-day SMA is recorded $195.42, while a 200-day SMA reached $179.12. Nevertheless, trading volume fell to 1.72 million shares from 1.04 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 190.33, which, if violated, would cause prices to drop to 188.71. In the upper region, resistance lies at 193.66. The next price resistance is at 195.38. RSI (Relative Strength Index) is 42.75 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.82, which suggests the price will decrease in the coming days. Percent R is at 59.43%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
