Allison Transmission Holdings (NYSE:ALSN) has tumbled 2.05% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 2.36% in the last four weeks. The stocks have underperformed the S&P 500 by 0.87% during the past week but Allison Transmission Holdings (NYSE:ALSN) it has outperformed the index in 4 weeks by 1.43%.
Allison Transmission Holdings (NYSE:ALSN): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $27.46 and $27.41 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $27.88. The buying momentum continued till the end and the stock did not give up its gains. It closed at $27.76, notching a gain of 1.13% for the day. The total traded volume was 1,809,086 . The stock had closed at $27.45 on the previous day.
The company shares have dropped -8.83% from its 1 Year high price. On Jun 22, 2015, the shares registered one year high at $30.63 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $28.01 and the 200 Day Moving Average price is recorded at $25.94.
On the companys insider trading activities, Pittard Dana Jh, officer (VP, Defense Programs) of Allison Transmission Holdings Inc, executed a transaction worth $2,152 on February 11, 2016. A total of 100 shares were purchased at an average price of $21.52. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, Stifel Nicolaus downgrades its outlook on Allison Transmission Holdings (NYSE:ALSN). The current rating of the shares is Hold, according to the research report released by the firm. Previously, the company had a rating of Buy. The rating by the firm was issued on June 14, 2016. Currently the company Insiders own 1.91% of Allison Transmission Holdings shares according to the proxy statements. Institutional Investors own 99.47% of Allison Transmission Holdings shares.
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.