In a filing, Allstate Corp revealed its EVP & Chief Financial Officer Merten Jesse E unloaded Company’s shares for reported $7.48 million on Feb 10 ’25. In the deal valued at $186.53 per share,40,102 shares were sold. As a result of this transaction, Merten Jesse E now holds 18,115 shares worth roughly $ 3.4 million.
Then, Merten Jesse E bought 40,102 shares, generating $7,608,552 in total proceeds.
Before that, WILSON THOMAS J sold 31,503 shares. Allstate Corp shares valued at $6,051,722 were divested by the Chairman, President & CEO at a price of $192.10 per share. As a result of the transaction, WILSON THOMAS J now holds 94,507 shares, worth roughly $17.73 million.
Evercore ISI upgraded its Allstate Corp [ALL] rating to an Outperform from a an In-line in a research note published recently. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in early September with a ‘”an Underweight”‘ rating. Wells Fargo also remained covering ALL and has increased its forecast on August 12, 2024 with a “an Equal weight” recommendation from previously “an Underweight” rating. BMO Capital Markets revised its rating on July 18, 2024. It rated ALL as “an Outperform” which previously was an “a Market perform”.
Price Performance Review of ALL
On Friday, Allstate Corp [NYSE:ALL] saw its stock fall -2.67% to $187.63. Over the last five days, the stock has lost -1.37%. Allstate Corp shares have fallen nearly -2.68% since the year began. Nevertheless, the stocks have risen 18.32% over the past one year. While a 52-week high of $209.88 was reached on 02/06/25, a 52-week low of $153.87 was recorded on 01/10/25. SMA at 50 days reached $191.86, while 200 days put it at $181.99.
Levels Of Support And Resistance For ALL Stock
The 24-hour chart illustrates a support level at 184.72, which if violated will result in even more drops to 181.82. On the upside, there is a resistance level at 191.61. A further resistance level may holdings at 195.60. The Relative Strength Index (RSI) on the 14-day chart is 45.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.92, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.78%. Stochastics %K at 37.42% indicates the stock is a holding.
How much short interest is there in Allstate Corp?
A steep rise in short interest was recorded in Allstate Corp stocks on 2025-01-31, growing by 0.16 million shares to a total of 2.56 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-31 was 2.4 million shares. There was a rise of 6.07%, which implies that there is a positive sentiment for the stock.
