The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Allegion plc shares valued at $50,254 were sold by Musial Nickolas A. on Feb 19 ’25. At $124.70 per share, Musial Nickolas A. sold 403 shares. The insider’s holdings dropped to 4,972 shares worth approximately $0.63 million following the completion of this transaction.
Also, Nickolas Musial purchased 403 shares, netting a total of over 50,255 in proceeds.
Before that, Stone John H had added 7,500 shares to its account. In a trade valued at $1,055,246, the President and CEO bought Allegion plc shares for $140.70 each. Upon closing the transaction, the insider’s holdings increased to 7,500 shares, worth approximately $15.31 million.
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 -3.34%. Over the course of the year, Allegion plc shares have dropped approximately -2.73%. Shares of the company reached a 52-week high of $136.27 on 01/21/25 and a 52-week low of $124.19 on 02/19/25. A 50-day SMA is recorded $132.19, while a 200-day SMA reached $132.68. Nevertheless, trading volume fell to 1.21 million shares from 1.5 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 125.99, which, if violated, would cause prices to drop to 124.86. In the upper region, resistance lies at 127.85. The next price resistance is at 128.58. RSI (Relative Strength Index) is 41.06 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.25, which suggests the price will decrease in the coming days. Percent R is at 72.84%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
