Shares of Allstate Corporation (The) (ALL) Sees Large Outflow of Money

Allstate Corporation (The) (ALL) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (0.99 million) in Allstate Corporation (The) (ALL). On Thursday, The value of composite uptick trades was $0.4 million, whereas, the value of composite downtick trades was $1.38 million and the ratio between the two was 0.29, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $0.96 million. The negative money flow of ($0.96 million) shows selling on strength. Allstate Corporation (The) (ALL) gained $0.15 intraday at $69.61 and registrered 0.21% for the week.


Allstate Corporation (The) (ALL) : 11 investment research analysts covering Allstate Corporation (The) (ALL) have an average price target of $69.73 for the near short term. The highest target price given by the Brokerage Firm to the stock is $78 and the lowest target is $56 for the short term. Analysts expect the variance to be within $5.95 of the average price. The stock has recorded a 20-day Moving Average of 2.11% and the 50-Day Moving Average is 2.91%.

Allstate Corporation (The) (NYSE:ALL): The stock opened at $69.45 on Thursday but the bulls could not build on the opening and the stock topped out at $69.77 for the day. The stock traded down to $68.79 during the day, due to lack of any buying support eventually closed down at $68.94 with a loss of -0.75% for the day. The stock had closed at $69.46 on the previous day. The total traded volume was 1,928,906 shares.

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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