Based on the provided data, here's a concise analysis of ALLY stock:
Technical Analysis
The stock is currently trading at $37.80, showing a -1.31% decline in regular market hours but a +0.95% gain in post-market trading. The stock is hovering around its Fibonacci support level of $37.57, with the next support at $36.81. The RSI-14 at 49.53 indicates neutral momentum, while being slightly above its 60-day SMA of $37.33.
Recent Developments
Recent insider activity shows strong bullish sentiment, with CFO Russell Hutchinson purchasing 19,100 shares at $39.45 and CEO Michael George Rhodes buying 25,634 shares at $39.09, totaling over $1.7M in insider purchases.
Analyst Sentiment
Recent analyst actions have been predominantly positive, with multiple price target increases:
- Truist Securities raised target from $42 to $47 (Strong Buy)
- Morgan Stanley raised target from $41 to $45 (Buy)
- Goldman Sachs raised target from $42 to $48 (Strong Buy)
- JP Morgan raised target from $40 to $43 (Buy)
Options Activity
There's notable bullish options activity with 8,437 calls trading (3x expected volume) and implied volatility increasing to 30.19%. The Put/Call ratio of 0.50 suggests optimistic sentiment among options traders.
Based on the strong insider buying, positive analyst sentiment, and technical support levels, ALLY stock appears to be a buy at current levels. The stock has multiple potential catalysts including upcoming earnings in April and shows signs of institutional confidence.