Large Inflow of Money Witnessed in Allstate Corporation (The)

Allstate Corporation (The) (NYSE:ALL) : Wednesdays money flow data in Allstate Corporation (The) (NYSE:ALL) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $15.87 million, whereas, $9.08 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.75, in favor of the bulls. The total money flow into the stock was $6.79 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $6.02 million. The total value of block trades done on upticks was $8.32 million. The value of bearish trades on downticks was only $2.3 million.The up/down ratio in the block trades was a healthy 3.62 in favor of the bulls, suggesting strong buying in the stock by large traders. Allstate Corporation (The) (NYSE:ALL) fell $0.06 and traded at $67.67, down -0.09% for the day, over previous days close. On a weekly basis, the shares are 2.13% over the previous weeks close.


In an insider trading activity,The officer (EVP & Chief Financial Officer) of Allstate Corp, Shebik Steven E sold 20,000 shares at $67.46 on June 3, 2016. The Insider selling transaction had a total value worth of $1,349,200. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. Currently the company Insiders own 1.58% of Allstate Corporation (The) shares according to the proxy statements. Institutional Investors own 77.31% of Allstate Corporation (The) shares. During last six month period, the net percent change held by insiders has seen a change of -15.47%.

The company shares have rallied 3.42% from its 1 Year high price. On Jul 31, 2015, the shares registered one year high at $69.48 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $67.18 and the 200 Day Moving Average price is recorded at $64.63. Allstate Corporation (The) (NYSE:ALL): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $67.99 and $67.53 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $68.53. The buying momentum continued till the end and the stock did not give up its gains. It closed at $68.47, notching a gain of 1.09% for the day. The total traded volume was 3,098,337 . The stock had closed at $67.73 on the previous day.

The Allstate Corporation is a holding company for Allstate Insurance Company. The Company and its subsidiaries, including Allstate Insurance Company, Allstate Life Insurance Company and other subsidiaries (collectively, Allstate) are engaged in the property-liability insurance and life insurance business. It offers its products in the United States and Canada. Allstate operates in four business segments: Allstate Protection, Discontinued Lines and Coverages, Allstate Financial, and Corporate and Other. The principal geographic markets for its auto, homeowners, and other personal property and casualty products are in the United States. Through its subsidiaries, it sells various types of personal property and casualty insurance products in around 50 states, the District of Columbia and Puerto Rico. It sells private passenger auto and homeowners insurance through agencies, contact centers and Internet. It sells these products under Allstate, Esurance and Encompass brand names.

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