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Morgan Stanley gives an Equal-weight recommendation for Allegion plc (ALLE)

Allegion plc’s recently made public that its Director SENGSTACK GREGG C acquired Company’s shares for reported $1.0 million on Feb 19 ’25. In the deal valued at $125.24 per share,8,000 shares were bought. As a result of this transaction, SENGSTACK GREGG C now holds 8,000 shares worth roughly $1.02 million.

Then, Musial Nickolas A. sold 403 shares, generating $50,254 in total proceeds. Upon selling the shares at $124.70, the VP, Controller & CAO now owns 4,972 shares.

Before that, Nickolas Musial bought 403 shares. Allegion plc shares valued at $50,255 were divested by the Officer at a price of $124.70 per share.

Morgan Stanley initiated its Allegion plc [ALLE] rating to an Equal-weight in a research note published on January 06, 2025; the price target was $137. A number of analysts have revised their coverage, including Barclays’s analysts, who decreased its forecast for the stock in early June from “an Equal weight” to “an Underweight”. Mizuho also remained covering ALLE and has decreased its forecast on February 23, 2024 with a “Neutral” recommendation from previously “Buy” rating. Wells Fargo revised its rating on February 21, 2024. It rated ALLE as “an Equal weight” which previously was an “an Overweight”.

Price Performance Review of ALLE

On Friday, Allegion plc [NYSE:ALLE] saw its stock jump 0.61% to $127.93. Over the last five days, the stock has lost -4.09%. Allegion plc shares have fallen nearly -2.10% since the year began. Nevertheless, the stocks have fallen -2.43% over the past one year. While a 52-week high of $156.10 was reached on 01/21/25, a 52-week low of $113.27 was recorded on 02/19/25. SMA at 50 days reached $131.65, while 200 days put it at $132.72.

Levels Of Support And Resistance For ALLE Stock

The 24-hour chart illustrates a support level at 126.39, which if violated will result in even more drops to 124.84. On the upside, there is a resistance level at 129.62. A further resistance level may holdings at 131.31. The Relative Strength Index (RSI) on the 14-day chart is 43.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.92, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 62.82%. Stochastics %K at 31.29% indicates the stock is a holding.

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