Allegion Pick of the Week at Smart Insider Following CEO John Stone's Stock Purchase

MT Newswires Live

2024-12-10

Allegion (ALLE) was Smart Insider's stock pick of the week after the company's Chief Executive John Stone bought $1 million worth of Allegion's shares at $140.70 apiece on Dec. 3.

This was Stone's fifth purchase since he was appointed as CEO in 2022 and has spent a total of $6.4 million, Smart Insider said in a note Tuesday.

"We ranked this stock initially in July 2023 based on purchases from him at $166, and have renewed the signal twice as he added at higher prices in July 2024 and was joined by Steven Mizell (Director since 2020) spending $137,000," according to Smart Insider.

These are "confident" purchases from the CEO, the note added.

Smart Insider renewed the stock +1, or strong positive signal, on Thursday.

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