Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Ally Financial Inc shares valued at $1,002,097 were purchased by RHODES MICHAEL GEORGE on Jan 27 ’25. At $39.09 per share, RHODES MICHAEL GEORGE acquired 25,634 shares. The insider’s holdings grew to 25,634 shares worth approximately $1.02 million following the completion of this transaction.
Also, Hutchinson Russell E. purchased 19,100 shares, netting a total of over 753,474 in proceeds. Following the buying of shares at $39.45 each, the insider now holds 202,845 shares.
As published in a research note from Wolfe Research on December 05, 2024, Ally Financial Inc [ALLY] has been rated down from an Outperform to a Peer perform. Analysts at Raymond James upgraded the stock from ‘”an Underperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in late October. As of October 07, 2024, JP Morgan has increased its “Neutral” rating to a “an Overweight” for ALLY. Earlier on September 16, 2024, BTIG Research downgraded its rating. Their new recommendation was “a Neutral” for ALLY stock which previously was a “a Buy”.
Analyzing ALLY Stock Performance
During the last five days, there has been a drop of approximately -0.62%. Over the course of the year, Ally Financial Inc shares have jumped approximately 10.64%. Shares of the company reached a 52-week high of $41.49 on 01/22/25 and a 52-week low of $33.70 on 01/13/25. A 50-day SMA is recorded $37.25, while a 200-day SMA reached $38.33. Nevertheless, trading volume fell to 3.36 million shares from 2.33 million shares the previous day.
Support And Resistance Levels for Ally Financial Inc (ALLY)
According to the 24-hour chart, there is a support level at 39.45, which, if violated, would cause prices to drop to 39.05. In the upper region, resistance lies at 40.37. The next price resistance is at 40.89. RSI (Relative Strength Index) is 64.47 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.42, which suggests the price will increase in the coming days. Percent R is at 21.18%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
