Cannae Holdings Inc’s recently made public that its Chief Executive Officer Massey Richard N unloaded Company’s shares for reported $1.03 million on Apr 10 ’24. In the deal valued at $20.60 per share,50,000 shares were sold. As a result of this transaction, Massey Richard N now holds 304,367 shares worth roughly $6.19 million.
Then, Massey Richard N sold 50,000 shares, generating $1,041,065 in total proceeds. Upon selling the shares at $20.82, the Chief Executive Officer now owns 354,367 shares.
Before that, Massey Richard N sold 23,050 shares. Cannae Holdings Inc shares valued at $474,081 were divested by the Chief Executive Officer at a price of $20.57 per share. As a result of the transaction, Massey Richard N now holds 404,367 shares, worth roughly $8.22 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 Friday, Cannae Holdings Inc [NYSE:CNNE] saw its stock fall -1.69% to $20.34. Over the last five days, the stock has lost -0.49%. Cannae Holdings Inc shares have risen nearly 4.25% since the year began. Nevertheless, the stocks have risen 10.24% 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 $19.75. A total of 0.63 million shares were traded, compared to the trading of 0.91 million shares in the previous session.
Levels Of Support And Resistance For CNNE Stock
The 24-hour chart illustrates a support level at 20.12, which if violated will result in even more drops to 19.91. On the upside, there is a resistance level at 20.56. A further resistance level may holdings at 20.79. The Relative Strength Index (RSI) on the 14-day chart is 36.01, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.78, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.66%. Stochastics %K at 15.72% indicates the stock is a buying.
