Ally Financial (NYSE:ALLY) has tumbled 6.61% during the past week and has dropped 2.15% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 5.49%. Ally Financial (NYSE:ALLY) has underperformed the index by 3.04% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Ally Financial (NYSE:ALLY): The stock opened at $16.46 on Friday but the bulls could not build on the opening and the stock topped out at $16.71 for the day. The stock traded down to $16.32 during the day, due to lack of any buying support eventually closed down at $16.38 with a loss of -0.18% for the day. The stock had closed at $16.41 on the previous day. The total traded volume was 4,593,026 shares.
The company shares have dropped -30.77% from its 1 Year high price. On Jun 23, 2015, the shares registered one year high at $23.83 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $17.25 and the 200 Day Moving Average price is recorded at $17.62.
On the companys insider trading activities, Magner Marjorie, director of Ally Financial Inc., had purchased 1,000 shares on May 4, 2016. The total value of the transaction was $16,720. The information was disclosed with the SEC 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. Macquarie initiates coverage on Ally Financial (NYSE:ALLY) The shares have been rated Neutral. The rating by the firm was issued on May 11, 2016. Currently the company Insiders own 0.07% of Ally Financial shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 3.57% . Institutional Investors own 99.78% of Ally Financial shares. During last six month period, the net percent change held by insiders has seen a change of 4.27%.
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 Companys 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.