We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Image: Bigstock
Allison Transmission (ALSN) Jumps: Stock Moves 5.8% Higher
Allison Transmission Holdings, Inc. (ALSN - Free Report) was a big mover last session, as its shares rose almost 6% on the day. The upside was driven by the company’s announcement of a stock repurchase agreement with ValueAct Capital and a cooperation deal with Ashe Capital. This continues the recent uptrend for the company as the stock is now up over 14% in the past one-month time frame.
The company has seen two positive and one negative estimate revisions over the past 30 days. Meanwhile, its Zacks Consensus Estimate moved higher, suggesting more solid trading ahead. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.
Allison Transmission currently carries a Zacks Rank #3 (Hold).
Allison Transmission Holdings, Inc. Price
Allison Transmission Holdings, Inc. Price | Allison Transmission Holdings, Inc. Quote
A better-ranked stock in the Automotive - Original Equipment space is Wabash National Corporation (WNC - Free Report) , sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is ALSN going up? Or down? Predict to see what others think: Up or Down
Just Released – Driverless Cars: Your Roadmap to Mega-Profits Today
In this latest Special Report, Zacks’ Aggressive Growth Strategist Brian Bolan explores a full-blown technological breakthrough in the making – autonomous cars. He also spotlights 8 stocks with tremendous gain potential to feed off this phenomenon. Click to see the stocks right now >>