AllianceBernstein Holding Lp’s recent filing unveils that its Equitable Holdings, Inc. acquired Company’s shares for reported $24.58 million on Sep 20 ’24. In the deal valued at $35.12 per share,700,000 shares were bought. As a result of this transaction, Equitable Holdings, Inc. now holds 3,766,838 shares worth roughly $138.54 million.
Then, Equitable Holdings, Inc. bought 500,000 shares, generating $17,091,700 in total proceeds. Upon buying the shares at $34.18, the now owns 3,066,838 shares.
Before that, Stonehill Charles G.T. sold 4,000 shares. AllianceBernstein Holding Lp shares valued at $139,494 were divested by the Director at a price of $34.87 per share. As a result of the transaction, Stonehill Charles G.T. now holds 25,923 shares, worth roughly $0.95 million.
TD Cowen downgraded its AllianceBernstein Holding Lp [AB] rating to a Hold from a a Buy in a research note published on February 25, 2025; the price target was increased to $38.50 from $38. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in late August with a ‘”an Equal weight”‘ rating. TD Cowen began covering AB with “an Outperform” recommendation on January 04, 2024. Goldman revised its rating on October 03, 2023. It rated AB as “a Buy” which previously was an “a Neutral”.
Price Performance Review of AB
On Monday, AllianceBernstein Holding Lp [NYSE:AB] saw its stock fall -2.72% to $36.78. Over the last five days, the stock has lost -3.49%. AllianceBernstein Holding Lp shares have fallen nearly -0.84% since the year began. Nevertheless, the stocks have risen 8.69% over the past one year. While a 52-week high of $41.37 was reached on 02/06/25, a 52-week low of $30.57 was recorded on 02/12/25. SMA at 50 days reached $37.54, while 200 days put it at $35.57.
Levels Of Support And Resistance For AB Stock
The 24-hour chart illustrates a support level at 36.18, which if violated will result in even more drops to 35.58. On the upside, there is a resistance level at 37.59. A further resistance level may holdings at 38.40. The Relative Strength Index (RSI) on the 14-day chart is 45.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 53.38%. Stochastics %K at 69.48% indicates the stock is a holding.
