Ally Financial Inc (NYSE:ALLY) shares traded -2.32% lower at $35.01 on Wall Street last session.
ALLY stock price is now -6.81% away from the 50-day moving average and -8.70% away from the 200-day moving average. The market capitalization of the company currently stands at $10.67B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target reduced from $46 to $40, JP Morgan Upgraded its rating from Neutral to Overweight for Ally Financial Inc (NYSE: ALLY). , while ‘JP Morgan’ rates the stock as ‘Neutral’
In other news, DEBRUNNER DAVID J, VP, CAO, Controller sold 3,750 shares of the company’s stock on Dec 29 ’23. The stock was sold for $131,251 at an average price of $35.00. Upon completion of the transaction, the VP, CAO, Controller now directly owns 100,787 shares in the company, valued at $3.53 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 14 ’23, VP, CAO, Controller DEBRUNNER DAVID J sold 7,500 shares of the business’s stock. A total of $253,500 was realized by selling the stock at an average price of $33.80. This leaves the insider owning 108,287 shares of the company worth $3.79 million. A total of 0.91% of the company’s stock is owned by insiders.
During the past 12 months, Ally Financial Inc has had a low of $22.54 and a high of $45.46. According to the stock market information, the enterprise value for the company is $22954072064, which is based on a 14.02 price-to-earnings ratio, a 0.58 price-to-earnings-growth ratio, and a beta of 1.39. The fifty day moving average price for ALLY is $37.5686 and a two-hundred day moving average price translates $38.34455 for the stock.
The latest earnings results from Ally Financial Inc (NYSE: ALLY) was released for 2024-09-30. The net profit margin was 4.70% and return on equity was 6.42% for ALLY. The company reported revenue of $3.54 billion for the quarter, compared to $3.45 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.43 percent.
