Allstate Corporation (The) (ALL) has risen sharply, recording gains of 4.44% in the past 4 weeks. However, the stock has corrected -0.42% in the past 1 week, providing a good buying opportunity on dips. Allstate Corporation (The) (ALL) : During the past 4 weeks, traders have been relatively bearish on Allstate Corporation (The) (ALL), hence the stock is down -2.17% 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 -1.03% relative to the S&P 500.
Allstate Corporation (The) (NYSE:ALL): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $69.07 and $68.98 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $69.31. The buying momentum continued till the end and the stock did not give up its gains. It closed at $69.20, notching a gain of 0.45% for the day. The total traded volume was 1,185,569 . The stock had closed at $68.89 on the previous day.
The stock has recorded a 20-day Moving Average of 0.48% and the 50-Day Moving Average is 2.12%. The Allstate Corporation is up 5.78% in the last 3-month period. Year-to-Date the stock performance stands at 12.58%.
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.