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Allison Transmission (ALSN) Jumps: Stock Moves 5.8% Higher

Allison Transmission Holdings, Inc.ALSN 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 , sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.

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Wabash National Corporation (WNC): Free Stock Analysis Report

Allison Transmission Holdings, Inc. (ALSN): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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