Shares of Allstate Corporation (The) (ALL) Sees Large Inflow of Net Money Flow

Allstate Corporation (The) (ALL): $2.3 million was the positive money flow into the stock on Friday and the up/down ratio of ticks was also in favor of the bulls at 1.31. The value of trades done on upticks was $9.7 million, whereas, trades done on downticks were valued at $7.39 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $1.24 million worth stocks on upticks, which is a bullish indication. The money flow in block trades was $1.24 million. Allstate Corporation (The) (ALL) fell $0.01 traded at $68.66, a change of -0.01% over the previous day. The stock is 0.49% for the week.


The company Insiders own 1.58% of Allstate Corporation (The) shares according to the proxy statements. Institutional Investors own 76.85% of Allstate Corporation (The) shares. During last six month period, the net percent change held by insiders has seen a change of -27.35%.

In a related news, Shebik Steven E, officer (EVP & Chief Financial Officer) of Allstate Corp, unloaded 41,334 shares at an average price of $68.86 on August 8, 2016. The total amount of the transaction was worth $2,846,259, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Allstate Corporation (The) (NYSE:ALL): The stock opened at $68.85 and touched an intraday high of $69.25 on Friday. During the day, the stock corrected to an intraday low of $68.52, however, the bulls stepped in and pushed the price higher to close in the green at $68.95 with a gain of 0.42% for the day. The total traded volume for the day was 1,507,288. The stock had closed at $68.66 in the previous trading session.

Allstate Corporation (The) (ALL) : Traders are bullish on Allstate Corporation (The) (ALL) as it has outperformed the S&P 500 by a wide margin of 0.29% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.42%, 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 0.92% in the last 1 week, and is up 0.16% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

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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