Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Allstate Corp shares valued at $6,051,722 were sold by WILSON THOMAS J on Jan 21 ’25. At $192.10 per share, WILSON THOMAS J sold 31,503 shares. The insider’s holdings dropped to 94,507 shares worth approximately $18.03 million following the completion of this transaction.
Also, WILSON THOMAS J purchased 31,503 shares, netting a total of over 6,051,721 in proceeds.
Before that, WILSON THOMAS J had sold 31,503 shares from its account. In a trade valued at $6,070,790, the Chairman, President & CEO traded Allstate Corp shares for $192.71 each. Upon closing the transaction, the insider’s holdings decreased to 31,503 shares, worth approximately $24.04 million.
As published in a research note from Evercore ISI on January 08, 2025, Allstate Corp [ALL] has been rated up from an In-line to an Outperform. Analysts at Barclays started covering the stock with ‘”an Underweight”‘ outlook in a report released in early September. As of August 12, 2024, Wells Fargo has increased its “an Underweight” rating to a “an Equal weight” for ALL. Earlier on July 18, 2024, BMO Capital Markets upgraded its rating. Their new recommendation was “an Outperform” for ALL stock which previously was a “a Market perform”.
Analyzing ALL Stock Performance
During the last five days, there has been a surge of approximately 3.00%. Over the course of the year, Allstate Corp shares have dropped approximately -1.03%. Shares of the company reached a 52-week high of $193.76 on 01/02/25 and a 52-week low of $176.46 on 01/10/25. A 50-day SMA is recorded $194.54, while a 200-day SMA reached $180.73. Nevertheless, trading volume fell to 0.72 million shares from 0.88 million shares the previous day.
Support And Resistance Levels for Allstate Corp (ALL)
According to the 24-hour chart, there is a support level at 189.43, which, if violated, would cause prices to drop to 188.05. In the upper region, resistance lies at 192.57. The next price resistance is at 194.33. RSI (Relative Strength Index) is 50.89 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.73, which suggests the price will increase in the coming days. Percent R is at 14.86%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
