Allison Transmission Holdings (ALSN) : During the past 4 weeks, traders have been relatively bearish on Allison Transmission Holdings (ALSN), hence the stock is down -3.98% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.83% relative to the S&P 500. The 4-week change in the price of the stock is -2.99% and the stock has fallen -0.77% in the past 1 week.
The stock has recorded a 20-day Moving Average of 2.37% and the 50-Day Moving Average is 0.81%. Allison Transmission Holdings (NYSE:ALSN): On Fridays trading session , Opening price of the stock was $28.25 with an intraday high of $28.37. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $28.19. However, the stock managed to close at $28.24, a loss of 0.07% for the day. On the previous day, the stock had closed at $28.26. The total traded volume of the day was 743,891 shares.
The company Insiders own 1.91% of Allison Transmission Holdings shares according to the proxy statements. Institutional Investors own 99.81% of Allison Transmission Holdings shares. Also, Citigroup maintains its view on Allison Transmission Holdings (NYSE:ALSN) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Citigroup raises the price target from $28 per share to $30 per share on Allison Transmission Holdings . The rating by the firm was issued on July 29, 2016.
Allison Transmission Holdings, Inc. designs and manufactures commercial and defense transmissions. The Company offers fully-automatic transmissions for medium-and heavy-duty commercial vehicles and medium-and heavy-tactical United States defense vehicles. The Companys transmissions are used in a variety of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (primarily school, transit and hybrid-transit), motorhomes, off-highway vehicles and equipment (energy, mining and construction) and defense vehicles (wheeled and tracked). The Companys transmissions are sold under the Allison Transmission brand name and remanufactured transmissions are sold under the ReTran brand name. The Company has over 100 different models that are used in over 2,500 different vehicle configurations and are compatible with more than 500 combinations of engine brands, models and ratings, including diesel, gasoline, natural gas and other alternative fuels.