Back to top

Image: Bigstock

Allstate (ALL) Looks Good: Stock Adds 5.5% in Session

Read MoreHide Full Article

The Allstate Corporation (ALL - Free Report) was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $101.21 to $104.85 in the past one-month time frame.

The move came after the company reported better-than-expected results for second-quarter 2019.

The company has seen a mixed track record when it comes to estimate revisions of two increase and one decrease over the past few weeks, while the Zacks Consensus Estimate for the current quarter has remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Allstate currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

The Allstate Corporation Price

Investors interested in the Insurance - Property and Casualty industry may consider RenaissanceRe Holdings Ltd. (RNR - Free Report) , which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is ALL going up? Or down? Predict to see what others think:Up or Down

Looking for Stocks with Skyrocketing Upside?

Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.

Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.

See the pot trades we're targeting>>


In-Depth Zacks Research for the Tickers Above


Normally $25 each - click below to receive one report FREE:


RenaissanceRe Holdings Ltd. (RNR) - free report >>

The Allstate Corporation (ALL) - free report >>

Published in