Ally Financial (ALLY) : Traders are bullish on Ally Financial (ALLY) as it has outperformed the S&P 500 by a wide margin of 1.08% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.38%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.91% in the last 1 week, and is up 5.49% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 5.74% and the 50-Day Moving Average is 2.22%.
Ally Financial (NYSE:ALLY): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $17.31 and $17.04 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $17.40. The buying momentum continued till the end and the stock did not give up its gains. It closed at $17.28, notching a gain of 0.58% for the day. The total traded volume was 1,669,272 . The stock had closed at $17.18 on the previous day.
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 99.25% of Ally Financial shares. During last six month period, the net percent change held by insiders has seen a change of 4.27%. In a related news, Magner Marjorie, director of Ally Financial Inc., executed a transaction worth $16,720 on May 4, 2016. A total of 1,000 shares were purchased at an average price of $16.72. 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.
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.