Allegion plc’s recent filing unveils that 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 $16.27 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 Tuesday, Allegion plc [NYSE:ALLE] saw its stock jump 1.11% to $135.07. Over the last five days, the stock has gained 5.31%. Allegion plc shares have risen nearly 3.36% since the year began. Nevertheless, the stocks have risen 11.47% over the past one year. While a 52-week high of $156.10 was reached on 01/21/25, a 52-week low of $113.27 was recorded on 01/13/25. SMA at 50 days reached $136.47, while 200 days put it at $132.26.
Levels Of Support And Resistance For ALLE Stock
The 24-hour chart illustrates a support level at 134.27, which if violated will result in even more drops to 133.47. On the upside, there is a resistance level at 136.07. A further resistance level may holdings at 137.08. The Relative Strength Index (RSI) on the 14-day chart is 56.58, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.63, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.94%. Stochastics %K at 92.65% indicates the stock is a selling.
How much short interest is there in Allegion plc?
A steep rise in short interest was recorded in Allegion plc stocks on 2024-12-31, growing by 0.42 million shares to a total of 1.88 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 1.46 million shares. There was a rise of 22.4%, which implies that there is a positive sentiment for the stock.
