Ally Financial Inc. (NYSE:ALLY) stock observed trading -8.33% off 52-week high price. On the other end, the stock has been noted 57.62% away from low price over the last 52-weeks. The stock disclosed a move of -0.31% away from 50 day moving average and 12.09% away from 200 day moving average. Moving closer, we can see that shares have been trading -3.91% off 20-day moving average. It has market cap of $12657.78M and dividend yield of 2.09%.
On Oct. 1, 2019, Ally Financial Inc. (NYSE:ALLY) declared that it has completed the acquisition of Health Credit Services, LLC (HCS), a technology-driven, patient financing company that partners with medical providers to offer patient financing for products and procedures not covered by insurance.
The addition of health care services financing aligns well with Ally’s strategy to expand our digital product offerings, said Diane Morais, president of Consumer and Commercial Banking Products, Ally Bank. In addition to being a leader in the healthcare financing segment, HCS has a customer-centric philosophy that makes it a natural fit with Ally. The powerful combination of the HCS expertise in point-of-sale financing and the fact that the technology, cultures and customer-focused mindsets at our respective companies are in alignment, provides a strong foundation for future expansion in the segment.
HCS services medical providers in all 50 states across a variety of specialties such as cosmetic, dental, audiology, orthopedic, vision, and fertility to provide affordable financial solutions for consumers through a fully digital application process. The financing solutions create new opportunities for providers to naturally engage with patients to offer solutions for costs not covered by health insurance.
HCS was founded on the belief that we could make a real difference in people’s lives, and this agreement is another significant step forward towards that goal, said Health Credit Services Chief Executive Officer Hans Zandhuis. I believe the combined power of Ally and HCS will afford our clients a broader, more diverse set of opportunities that will accelerate our ability to deliver market-leading products, services and experiences.
HCS, based in Charlotte, has approximately 85 employees and is an indirect subsidiary of Ally Bank. The existing management team of HCS will continue to lead this business as part of the Ally organization.
The USA based company Ally Financial Inc. moved with change of -2.08% to $32.47 with the total traded volume of 3533675 shares in recent session versus to an average volume of 3684.25K. The stock was observed in the 5 days activity at -3.76%. The one month performance of stock was 3.57%. ALLY’s shares are at 4.00% for the quarter and driving a 22.76% return over the course of the past year and is now at 43.29% since this point in 2018. Right now the stock beta is 1.29. The average volatility for the week and month was at 2.10% and 1.96% respectively. There are 389.83M shares outstanding and 387.85M shares are floated in market.
Eugene Harris joined us after more than 10 years of experience in writing financial and business news, most recently as Investment Editor and writer. He also has a vast knowledge of stock trading. Eugene earned bachelor degree from Union College with a focus in Business Administration. Eugene is the Senior Editor and market movers section. He also holds an MBA from Penn State University He has two daughter and two children.
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