In a filing, Chubb Limited revealed its Executive Vice President* BOROUGHS TIMOTHY ALAN unloaded Company’s shares for reported $3.7 million on Mar 20 ’24. In the deal valued at $258.78 per share,14,303 shares were sold. As a result of this transaction, BOROUGHS TIMOTHY ALAN now holds 35,662 shares worth roughly $9.11 million.
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Then, BOROUGHS TIMOTHY ALAN sold 5,697 shares, generating $1,475,817 in total proceeds. Upon selling the shares at $259.05, the Executive Vice President* now owns 0 shares.
Before that, Lupica John J sold 34,464 shares. Chubb Limited shares valued at $8,923,566 were divested by the Vice Chrm, Chubb Group* at a price of $258.92 per share. As a result of the transaction, Lupica John J now holds 130,937 shares, worth roughly $33.46 million.
Citigroup downgraded its Chubb Limited [CB] rating to a Neutral from a a Buy in a research note published on March 14, 2024; the price target was increased to $275 from $238. A number of analysts have revised their coverage, including TD Cowen’s analysts, who began to cover the stock in early January with a ‘”a Market perform”‘ rating. Goldman also remained covering CB and has decreased its forecast on January 08, 2024 with a “Neutral” recommendation from previously “Buy” rating. HSBC Securities started covering the stock on December 28, 2023. It rated CB as “a Buy”.
Price Performance Review of CB
On Friday, Chubb Limited [NYSE:CB] saw its stock fall -0.31% to $255.51. Over the last five days, the stock has lost -0.30%. Chubb Limited shares have risen nearly 13.06% since the year began. Nevertheless, the stocks have risen 34.45% over the past one year. While a 52-week high of $260.58 was reached on 03/13/24, a 52-week low of $183.40 was recorded on 01/09/24. SMA at 50 days reached $247.67, while 200 days put it at $218.69. A total of 1.2 million shares were traded, compared to the trading of 2.75 million shares in the previous session.
Levels Of Support And Resistance For CB Stock
The 24-hour chart illustrates a support level at 254.83, which if violated will result in even more drops to 254.16. On the upside, there is a resistance level at 256.75. A further resistance level may holdings at 258.00. The Relative Strength Index (RSI) on the 14-day chart is 56.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.71, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 37.86%. Stochastics %K at 71.59% indicates the stock is a holding.
How much short interest is there in Chubb Limited?
A steep rise in short interest was recorded in Chubb Limited stocks on Feb 29, 2024, dropping by -0.74 million shares to a total of 2.45 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 3.19 million shares. There was a decline of -30.2%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 0.61% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.44.
