July: Allison Transmission Holdings Inc. (ALSN:NYQ) shares unsteady

Public Policy
Stock market 25 edited

ORGANIZATIONS IN THIS STORY

LETTER TO THE EDITOR

Have a concern or an opinion about this story? Click below to share your thoughts.
Send a message

Community Newsmaker

Know of a story that needs to be covered? Pitch your story to The Business Daily.
Community Newsmaker

Shares in Allison Transmission Holdings Inc. (ALSN:NYQ) were unsteady on Wall Street in July.

The lowest share price reached in month was $56 compared to a high of $59.14.

Allison Transmission Holdings Inc. employs 3,500 people and has reported $625,000,000 in income as of July 27.

Despite a tumultuous year with the COVID-19 pandemic, the US stock market overall remained strong in 2021.

Tony Despirito at investment firm BlackRock said the U.S. stock market overall remained strong, despite the tumultuous years during the COVID-19 pandemic. “Overall, companies... beat analyst expectations on both earnings per share and revenue growth. But the latter [was] particularly strong.”

Unfortunately, 2022 proved to be a devastating year for the U.S. stock market. “This [was] an absolutely shocking year with no place to hide,” Aoifinn Devitt, Moneta's chief investment officer, said.

Rate hikes to mitigate the effects of inflation, as well as global issues related to war and the pandemic, were blamed for the downturn in the U.S. stock market and economy.

Nothing in this article is to be assumed as financial advice.

Shares are considered unsteady when they change more than 3% both up and down during the time frame.

Individual companies can have several different types of shares across many stock markets. It is possible for different types of shares to see different results on the market.

Share price of Allison Transmission Holdings Inc. stocks in July

DateShare Asking Price
July 27$57.61
July 25$58.19
July 21$58.25
July 19$59.14
July 17$58.52
July 14$57.87
July 13$58.4
July 10$57.34
July 7$56.67
July 5$56
July 3$57.15

ORGANIZATIONS IN THIS STORY

LETTER TO THE EDITOR

Have a concern or an opinion about this story? Click below to share your thoughts.
Send a message

Community Newsmaker

Know of a story that needs to be covered? Pitch your story to The Business Daily.
Community Newsmaker

MORE NEWS