Allstate stock dropped 23% based on reports of record losses in Q2 of 2023 TBA in 2 weeks. Will the stock be down to $10/share by the end of Q4 or what???
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I was able to sell my Allstate stock for $26.25/share with no margin call so at least I’ll make some money before it drops below $15/share which all experts agree will happen by the Fall of ‘23!!!
Time to ratchet up the limitations on EC and CSL authority! That will turn things right around!
The margin call on this stock was $56.29/share which is not a bad deal. I’d take it and avoid bigger losses.
Why are people commenting on this post like the person is serious? Look at the stock price for yourself and stop believing everything you read.
This is yet another ploy to get people riled up, at best. The stock price has neither dropped 23% nor 34%. It is down two points from its 111 close Friday afternoon to 109 as of early afternoon Monday.
Can the moderators do a better job of deleting outrageously false posts?
Bad news around the corner for sure. Our DSM said big changes are likely coming as a response. He also acknowledged the disconnect between his level and the senior leaders as if it wasn’t obvious.
If you only knew how garbage our hiring/training is maybe they would understand
Allstate stock is down another 32.4% and is now selling at $11.22/share. Ge-z.
If we have another quarter or two more like or worse than 2023 Q1 which is starting to look quite likely then I would expect some serious escalation and accelerating of "Transformative Growth" all around.
Allstate did recently announce some jaw dropping CAT losses. It's hard to imagine good Q2 results
Allstate stock dropped almost exactly as much as I was told it would, good to know insiders eh!!!