Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Alamo Group Inc shares valued at $49,706 were sold by Pollock Janet S on Dec 16 ’24. At $193.41 per share, Pollock Janet S sold 257 shares. The insider’s holdings dropped to 3,360 shares worth approximately $0.59 million following the completion of this transaction.
Also, Pollock Janet S purchased 257 shares, netting a total of over 49,706 in proceeds.
Before that, Leonard Jeffery Allen had sold 1,000 shares from its account. In a trade valued at $204,095, the President & CEO traded Alamo Group Inc shares for $204.09 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $6.22 million.
As published in their initiating research note from Robert W. Baird on September 01, 2023, Alamo Group Inc [ALG] has been an Outperform and the price target has been revised to $201. Analysts at Raymond James started covering the stock with ‘”an Outperform”‘ outlook in a report released in early July. As of March 16, 2023, DA Davidson has increased its “Neutral” rating to a “Buy” for ALG. Earlier on October 14, 2021, DA Davidson initiated its rating. Their recommendation was “a Neutral” for ALG stock.
Analyzing ALG Stock Performance
During the last five days, there has been a drop of approximately -5.25%. Over the course of the year, Alamo Group Inc shares have dropped approximately -5.25%. Shares of the company reached a 52-week high of $187.51 on 01/02/25 and a 52-week low of $172.34 on 01/08/25. A 50-day SMA is recorded $190.61, while a 200-day SMA reached $187.21. Nevertheless, trading volume fell to 0.1 million shares from 0.1 million shares the previous day.
Support And Resistance Levels for Alamo Group Inc (ALG)
According to the 24-hour chart, there is a support level at 173.45, which, if violated, would cause prices to drop to 170.75. In the upper region, resistance lies at 177.74. The next price resistance is at 179.33. RSI (Relative Strength Index) is 29.22 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -8.43, which suggests the price will decrease in the coming days. Percent R is at 86.72%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
