Allison Transmission (ALSN) Higher Ahead of 181M Share Lockup Expiration

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Shares of Allison Transmission (NYSE: ALSN) moved higher on Friday, gaining 5.5 percent ahead of the expiration of lockups totaling 181.4 million shares.

Allison’s IPO took place in March and totaled 26.1 million shares, with an initial price of $23 per share. The stock is currently trading just under $19 per share.

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