In a filing, Cincinnati Financial Corp. revealed its Director Debbink Dirk J acquired Company’s shares for reported $0.21 million on Dec 05 ’23. In the deal valued at $102.98 per share,2,000 shares were bought. As a result of this transaction, Debbink Dirk J now holds 51,542 shares worth roughly $6.28 million.
Then, Debbink Dirk J bought 1,000 shares, generating $98,781 in total proceeds. Upon buying the shares at $98.78, the Director now owns 49,542 shares.
Before that, Benacci Nancy Cunningham bought 1,000 shares. Cincinnati Financial Corp. shares valued at $106,570 were divested by the Director at a price of $106.57 per share. As a result of the transaction, Benacci Nancy Cunningham now holds 3,702 shares, worth roughly $0.45 million.
BMO Capital Markets upgraded its Cincinnati Financial Corp. [CINF] rating to an Outperform from a a Market perform in a research note published on March 25, 2024; the price target was increased to $135 from $125. A number of analysts have revised their coverage, including Janney’s analysts, who began to cover the stock in mid December with a ‘”a Neutral”‘ rating. Citigroup began covering CINF with “Neutral” recommendation on November 22, 2023. Oppenheimer started covering the stock on November 16, 2023. It rated CINF as “a Perform”.
Price Performance Review of CINF
On Monday, Cincinnati Financial Corp. [NASDAQ:CINF] saw its stock jump 0.31% to $121.90. Over the last five days, the stock has lost -0.22%. Cincinnati Financial Corp. shares have risen nearly 17.82% since the year began. Nevertheless, the stocks have risen 9.54% over the past one year. While a 52-week high of $124.35 was reached on 03/28/24, a 52-week low of $95.01 was recorded on 01/02/24. SMA at 50 days reached $115.31, while 200 days put it at $106.35. A total of 0.52 million shares were traded, compared to the trading of 46712.0 shares in the previous session.
Levels Of Support And Resistance For CINF Stock
The 24-hour chart illustrates a support level at 121.10, which if violated will result in even more drops to 120.31. On the upside, there is a resistance level at 122.60. A further resistance level may holdings at 123.31. The Relative Strength Index (RSI) on the 14-day chart is 61.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.52, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 33.61%. Stochastics %K at 57.25% indicates the stock is a holding.
How much short interest is there in Cincinnati Financial Corp.?
A steep rise in short interest was recorded in Cincinnati Financial Corp. stocks on Mar 15, 2024, dropping by -0.14 million shares to a total of 1.15 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 1.29 million shares. There was a decline of -12.17%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 0.86% of the overall stock float, the days-to-cover ratio (short ratio) fell to 0.87.
