CNA Financial Corp.’s recent filing unveils that its EVP & Head of Underwriting Worman Douglas unloaded Company’s shares for reported $1.07 million on Nov 17 ’23. In the deal valued at $40.08 per share,26,821 shares were sold. As a result of this transaction, Worman Douglas now holds 104,876 shares worth roughly $4.63 million.
Then, Stone Susan Ann sold 8,521 shares, generating $349,617 in total proceeds. Upon selling the shares at $41.03, the EVP & General Counsel now owns 36,381 shares.
Before that, LOEWS CORP bought 4,456,050 shares. CNA Financial Corp. shares valued at $175,078,204 were divested by the 10% Owner at a price of $39.29 per share. As a result of the transaction, LOEWS CORP now holds 248,414,738 shares, worth roughly $10.96 billion.
BofA Securities downgraded its CNA Financial Corp. [CNA] rating to an Underperform from a a Neutral in a research note published on February 06, 2024; the price target was increased to $43 from $39. A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who decreased its forecast for the stock in mid July from “an Outperform” to “a Mkt perform”. BofA Securities also remained covering CNA and has increased its forecast on May 03, 2023 with a “Neutral” recommendation from previously “an Underperform” rating. Keefe Bruyette revised its rating on February 19, 2021. It rated CNA as “an Outperform” which previously was an “a Mkt perform”.
Price Performance Review of CNA
On Tuesday, CNA Financial Corp. [NYSE:CNA] saw its stock jump 0.11% to $44.10. Over the last five days, the stock has gained 0.50%. CNA Financial Corp. shares have risen nearly 8.84% since the year began. Nevertheless, the stocks have risen 18.36% over the past one year. While a 52-week high of $45.50 was reached on 02/15/24, a 52-week low of $34.87 was recorded on 01/11/24. SMA at 50 days reached $44.49, while 200 days put it at $41.44. A total of 0.3 million shares were traded, compared to the trading of 0.17 million shares in the previous session.
Levels Of Support And Resistance For CNA Stock
The 24-hour chart illustrates a support level at 43.69, which if violated will result in even more drops to 43.27. On the upside, there is a resistance level at 44.49. A further resistance level may holdings at 44.88. The Relative Strength Index (RSI) on the 14-day chart is 50.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 70.71%. Stochastics %K at 28.11% indicates the stock is a holding.
How much short interest is there in CNA Financial Corp.?
A steep rise in short interest was recorded in CNA Financial Corp. stocks on Mar 28, 2024, growing by 35550.0 shares to a total of 0.63 million shares. Yahoo Finance data shows the prior-month short interest on Feb 29, 2024 was 0.59 million shares. There was a rise of 5.66%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.87% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.16.
