Ally Financial Inc. (ALLY) Files Form 4 Insider Buying : Jeffrey Jonathan Brown Buys 12,000 Shares

Ally Financial Inc. (ALLY): Jeffrey Jonathan Brown , CEO of Ally Financial Inc. purchased 12,000 shares on May 4, 2016. The Insider buying transaction was reported by the company on May 4, 2016 to the Securities and Exchange Commission. The shares were purchased at $16.81 per share for a total value of $201,720.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 4, 2016, Christopher A Halmy (CFO) purchased 6,000 shares at $16.90 per share price.On Feb 29, 2016, Mayree C Clark (director) purchased 4,500 shares at $17.11 per share price.Also, On May 12, 2015, David J Debrunner (VP, CAO, Controller) sold 12,500 shares at $22.64 per share price.

Shares of Ally Financial Inc (ALLY) ended Wednesday, May 4, 2016 session in red amid volatile trading. The shares closed down -0.17 points or -1.00% at $16.91 with 66,03,160 shares getting traded. Post opening the session at $17, the shares hit an intraday low of $16.53 and an intraday high of $17.205 and the price vacillated in this range throughout the day. The company has a market cap of $8,169 M and the number of outstanding shares has been calculated to be 48,30,67,650 shares. The 52-week high of Ally Financial Inc is $23.83 and the 52-week low is $14.55.

Ally Financial Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Ally Financial Inc is Downgraded by Wells Fargo to Market Perform. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Apr 27, 2016.Ally Financial Inc is Downgraded by BofA/Merrill to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 8, 2016.

Ally Financial Inc. is a financial holding company and a bank holding company. It is an independent diversified financial services firm. Its banking subsidiary Ally Bank is an indirect wholly owned subsidiary of the Company and a franchise in the Internet telephone mobile and mail banking market. Dealer Financial Services which includes the Company’s Automotive Finance and Insurance operations and Mortgage are its primary lines of business. Ally Bank offers deposit products such as checking savings and certificates of deposit (CDs) as well as several raise-your-rate CD terms IRA deposit products Popmoney person-to-person transfer service eCheck remote deposit capture Ally Perks debit rewards program and Mobile Banking.

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