In a filing, Allegion plc revealed 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 $15.21 million.
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.
Morgan Stanley initiated its Allegion plc [ALLE] rating to an Equal-weight in a research note published on January 06, 2025; the price target was $137. A number of analysts have revised their coverage, including Barclays’s analysts, who decreased its forecast for the stock in early June from “an Equal weight” to “an Underweight”. Mizuho also remained covering ALLE and has decreased its forecast on February 23, 2024 with a “Neutral” recommendation from previously “Buy” rating. Wells Fargo revised its rating on February 21, 2024. It rated ALLE as “an Equal weight” which previously was an “an Overweight”.
Price Performance Review of ALLE
On Friday, Allegion plc [NYSE:ALLE] saw its stock fall -1.71% to $126.21. Over the last five days, the stock has lost -1.85%. Allegion plc shares have fallen nearly -3.42% since the year began. Nevertheless, the stocks have risen 1.74% over the past one year. While a 52-week high of $156.10 was reached on 01/02/25, a 52-week low of $113.27 was recorded on 01/10/25. SMA at 50 days reached $137.44, while 200 days put it at $132.30.
Levels Of Support And Resistance For ALLE Stock
The 24-hour chart illustrates a support level at 125.49, which if violated will result in even more drops to 124.78. On the upside, there is a resistance level at 127.46. A further resistance level may holdings at 128.72. The Relative Strength Index (RSI) on the 14-day chart is 27.00, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.98, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.74%. Stochastics %K at 12.18% 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 2024-12-13, dropping by 36792.0 shares to a total of 1.54 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 1.57 million shares. There was a decline of -2.4%, which implies that there is a negative sentiment for the stock.
