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A company insider recently bought 7,500 shares of Allegion plc [ALLE]. Should You Buy?

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Allegion plc shares valued at $1,055,246 were purchased by Stone John H on Dec 03 ’24. At $140.70 per share, Stone John H acquired 7,500 shares. The insider’s holdings grew to 120,481 shares worth approximately $15.78 million following the completion of this transaction.

Also, Kemp Tracy L sold 2,466 shares, netting a total of over 343,933 in proceeds. Following the sale of shares at $139.47 each, the insider now holds 9,781 shares.

Before that, Tracy Kemp had added 2,466 shares to its account. In a trade valued at $343,928, the Officer bought Allegion plc shares for $139.47 each.

As published in their initiating research note from Morgan Stanley on January 06, 2025, Allegion plc [ALLE] has been an Equal-weight and the price target has been revised to $137. Analysts at Barclays downgraded the stock from ‘”an Equal weight”‘ to ‘”an Underweight”‘ outlook in a report released in early June. As of February 23, 2024, Mizuho has decreased its “Buy” rating to a “Neutral” for ALLE. Earlier on February 21, 2024, Wells Fargo downgraded its rating. Their new recommendation was “an Equal weight” for ALLE stock which previously was a “an Overweight”.

Analyzing ALLE Stock Performance

During the last five days, there has been a drop of approximately -0.89%. Over the course of the year, Allegion plc shares have jumped approximately 0.24%. Shares of the company reached a 52-week high of $136.27 on 01/21/25 and a 52-week low of $125.26 on 01/13/25. A 50-day SMA is recorded $135.33, while a 200-day SMA reached $132.30. Nevertheless, trading volume fell to 0.62 million shares from 0.64 million shares the previous day.

Support And Resistance Levels for Allegion plc (ALLE)

According to the 24-hour chart, there is a support level at 130.38, which, if violated, would cause prices to drop to 129.75. In the upper region, resistance lies at 132.13. The next price resistance is at 133.25. RSI (Relative Strength Index) is 45.51 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.34, which suggests the price will increase in the coming days. Percent R is at 47.89%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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