Allison Transmission Holdings (NYSE:ALSN) has risen sharply, recording gains of 0.07% in the past 4 weeks. However, the stock has corrected -0.63% in the past 1 week, providing a good buying opportunity on dips. Allison Transmission Holdings (NYSE:ALSN) : During the past 4 weeks, traders have been relatively bearish on Allison Transmission Holdings (NYSE:ALSN), hence the stock is down -1.52% 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 -1.89% relative to the S&P 500.
The company shares have dropped -3.83% from its 1 Year high price. On Aug 18, 2015, the shares registered one year high at $30.06 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $27.99 and the 200 Day Moving Average price is recorded at $26.13.
The stock has recorded a 20-day Moving Average of 1.72% and the 50-Day Moving Average is 1.41%.
Allison Transmission Holdings (NYSE:ALSN): stock turned positive on Friday. Though the stock opened at $28.1, the bulls momentum made the stock top out at $28.41 level for the day. The stock recorded a low of $28.085 and closed the trading day at $28.36, in the green by 2.16%. The total traded volume for the day was 1,024,884. The stock had closed at $27.76 in the previous days trading.
In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (VP, Defense Programs) of Allison Transmission Holdings Inc, Pittard Dana Jh, had purchased 100 shares in a transaction dated on February 11, 2016. The transaction was executed at $21.52 per share with total amount equaling $2,152.
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.