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

MT Newswires Live

Dec 10, 2024

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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