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 $9.02 million.
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 $33.11 million.
HSBC Securities downgraded its Chubb Limited [CB] rating to a Hold from a a Buy in a research note published on April 04, 2024; the price target was decreased to $270 from $275. A number of analysts have revised their coverage, including Citigroup’s analysts, who decreased its forecast for the stock in mid March from “a Buy” to “a Neutral”. TD Cowen began covering CB with “Market perform” recommendation on January 10, 2024. Goldman revised its rating on January 08, 2024. It rated CB as “a Neutral” which previously was an “a Buy”.
Price Performance Review of CB
On Friday, Chubb Limited [NYSE:CB] saw its stock jump 0.27% to $252.90. Over the last five days, the stock has lost -2.40%. Chubb Limited shares have risen nearly 11.90% since the year began. Nevertheless, the stocks have risen 29.39% over the past one year. While a 52-week high of $260.58 was reached on 03/13/24, a 52-week low of $183.71 was recorded on 01/09/24. SMA at 50 days reached $251.74, while 200 days put it at $221.57. A total of 1.27 million shares were traded, compared to the trading of 1.33 million shares in the previous session.
Levels Of Support And Resistance For CB Stock
The 24-hour chart illustrates a support level at 251.99, which if violated will result in even more drops to 251.09. On the upside, there is a resistance level at 254.26. A further resistance level may holdings at 255.62. The Relative Strength Index (RSI) on the 14-day chart is 46.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.10%. Stochastics %K at 6.73% indicates the stock is a buying.
How much short interest is there in Chubb Limited?
A steep rise in short interest was recorded in Chubb Limited stocks on Mar 15, 2024, dropping by -0.16 million shares to a total of 2.55 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 2.71 million shares. There was a decline of -6.27%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 0.63% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.58.
The most recent change occurred on December 28, 2023 when HSBC Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $263 price target.
