Taking this into account, Wolfe Research downgraded its Ally Financial Inc [ALLY] rating to a Peer perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Raymond James’s analysts, who increased its forecast for the stock in late October from “an Underperform” to “a Mkt perform”. JP Morgan also remained covering ALLY and has increased its forecast on October 07, 2024 with a “an Overweight” recommendation from previously “Neutral” rating. BTIG Research revised its rating on September 16, 2024. It rated ALLY as “a Neutral” which previously was an “a Buy”.
Price Performance Review of ALLY
On Friday, Ally Financial Inc [NYSE:ALLY] saw its stock fall -1.18% to $36.93. Over the last five days, the stock has gained 8.01%. Ally Financial Inc shares have risen nearly 2.55% since the year began. Nevertheless, the stocks have risen 13.46% over the past one year. While a 52-week high of $45.46 was reached on 01/17/25, a 52-week low of $31.77 was recorded on 01/13/25. SMA at 50 days reached $36.88, while 200 days put it at $38.30.
Levels Of Support And Resistance For ALLY Stock
The 24-hour chart illustrates a support level at 36.63, which if violated will result in even more drops to 36.34. On the upside, there is a resistance level at 37.48. A further resistance level may holdings at 38.04. The Relative Strength Index (RSI) on the 14-day chart is 54.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.25, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 20.05%. Stochastics %K at 91.46% indicates the stock is a selling.
How much short interest is there in Ally Financial Inc?
A steep rise in short interest was recorded in Ally Financial Inc stocks on 2024-12-31, dropping by -1.65 million shares to a total of 6.61 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 8.26 million shares. There was a decline of -24.97%, which implies that there is a negative sentiment for the stock.
