Why Allstate Stock Rose 3.3% in September
There weren't many positive stories to tell in September, but not every stock lost value last month. Allstate (NYSE: ALL) actually finished the month in the black, up 3.3%, according to S&P Global Market Intelligence.
The property and casualty insurer had climbed as high as 9% in the month to over $132 per share, before ending the month up 3.3%. For the year through Oct. 6, Allstate is up 11%.
September was the worst month for the market since the pandemic with the S&P 500 dropping 9.3%, the Nasdaq Composite falling 10.5%, and the Dow Jones Industrial Average sinking 8.8% for the month.
Source Fool.com