Ally Financial Inc. (NYSE:ALLY) stock identified change of 0.06% away from 52-week low price and recently located move of -54.63% off 52-week high price. It has market worth of $6.38B and dividend yield of 4.73%. ALLY stock has been recorded -44.19% away from 50 day moving average and -47.88% away from 200 day moving average. Moving closer, we can see that shares have been trading -34.90% off 20-day moving average.
On March 17, 2020, Ally Financial Inc. (NYSE:ALLY) declared that it will suspend its repurchases of common stock for the remaining period of the first quarter and second quarter of 2020.
Ally is committed to ‘Do It Right’ for its stakeholders and is actively supporting customers, employees, and communities in this unprecedented environment. This voluntary action is being taken to support the Federal Reserve’s effort to mitigate the impact of the COVID-19 pandemic on the U.S. economy and the financial system. Ally has consistently passed the Federal Reserve’s stress tests, maintains strong capital and liquidity levels and has a demonstrated history of serving its stakeholders during periods of economic stress.
This announcement does not impact planned dividend payments to shareholders, and the company retains the ability to resume purchases of its common stock under its share repurchase program as circumstances warrant. In total, since the beginning of the third quarter of 2019, Ally has executed approximately $700 million of share repurchases relative to its 2019 Capital Plan authorization of up to $1.25 billion.
The Financial sector company, Ally Financial Inc. noticed change of -0.12% to $16.07 along volume of 11934045 shares in recent session compared to an average volume of 4.80M. The stock observed return of -28.29% in 5 days trading activity. The stock was at -51.08% over one month performance. ALLY’s shares are at -48.92% for the quarter and driving a -41.18% return over the course of the past year and is now at -47.41% since this point in 2018.
The average volatility for the week at 13.33% and for month was at 6.66%. There are 396.92M shares outstanding and 372.36M shares are floated in market. Right now the stock beta is 1.35.