Ally Financial trying to hammer out a bottom, levels to watch The shares broke the IPO price of $25 from the outset and have dipped as low at $23.91. It looks like the shares are trying to put in some kind of bottom at $24. If that level can hold there might be a rally attempt, with the high of the day at $24.79 and the IPO price as upside objectives. There's no way to gauge what might happen in a break below the low of the day other than perhaps a test down to a typical options strike such as $22.50.
Ally Financial likely to be added to S&P 500 in near-term, says Bernstein Bernstein believes that Ally meets the criteria for the S&P 500 and has a larger market cap than 23% of S&P 500 financial companies. The firm expects Ally to be one of the next stocks added to the S&P 500. It keeps an Outperform rating on the shares.