Cannae Holdings Inc’s recent filing unveils that its Chief Executive Officer Massey Richard N unloaded Company’s shares for reported $0.47 million on Apr 05 ’24. In the deal valued at $20.57 per share,23,050 shares were sold. As a result of this transaction, Massey Richard N now holds 404,367 shares worth roughly $8.59 million.
Then, Cannae Holdings, Inc. sold 10,000,000 shares, generating $100,900,000 in total proceeds. Upon selling the shares at $10.09, the Director now owns 69,048,691 shares.
Before that, Massey Richard N bought 50,000 shares. Cannae Holdings Inc shares valued at $933,200 were divested by the Chief Executive Officer at a price of $18.66 per share. As a result of the transaction, Massey Richard N now holds 427,417 shares, worth roughly $9.08 million.
RBC Capital Mkts initiated its Cannae Holdings Inc [CNNE] rating to an Outperform in a research note published on December 20, 2021; the price target was $42. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who began to cover the stock in mid November with a ‘”an Outperform”‘ rating. Piper Jaffray also remained covering CNNE and has increased its forecast on November 09, 2018 with a “an Overweight” recommendation from previously “Neutral” rating.
Price Performance Review of CNNE
On Tuesday, Cannae Holdings Inc [NYSE:CNNE] saw its stock jump 1.43% to $21.25. Over the last five days, the stock has lost -5.30%. Cannae Holdings Inc shares have risen nearly 8.92% since the year began. Nevertheless, the stocks have risen 10.91% over the past one year. While a 52-week high of $22.99 was reached on 04/02/24, a 52-week low of $15.93 was recorded on 01/02/24. SMA at 50 days reached $21.46, while 200 days put it at $19.73. A total of 0.68 million shares were traded, compared to the trading of 1.76 million shares in the previous session.
Levels Of Support And Resistance For CNNE Stock
The 24-hour chart illustrates a support level at 20.82, which if violated will result in even more drops to 20.40. On the upside, there is a resistance level at 21.49. A further resistance level may holdings at 21.74. The Relative Strength Index (RSI) on the 14-day chart is 45.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.91, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.91%. Stochastics %K at 20.08% indicates the stock is a holding.
How much short interest is there in Cannae Holdings Inc?
A steep rise in short interest was recorded in Cannae Holdings Inc stocks on Mar 15, 2024, growing by 0.44 million shares to a total of 2.04 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 1.6 million shares. There was a rise of 21.57%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.46% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.34.
