Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Corebridge Financial Inc. shares valued at $135,073,068 were sold by AMERICAN INTERNATIONAL GROUP, on Dec 18 ’23. At $21.75 per share, AMERICAN INTERNATIONAL GROUP, sold 6,210,256 shares. The insider’s holdings dropped to 324,203,636 shares worth approximately $8.55 billion following the completion of this transaction.
Also, AMERICAN INTERNATIONAL GROUP, sold 35,000,000 shares, netting a total of over 717,500,000 in proceeds. Following the sale of shares at $20.50 each, the insider now holds 330,413,892 shares.
Before that, AMERICAN INTERNATIONAL GROUP, had sold 50,000,000 shares from its account. In a trade valued at $1,025,000,000, the 10% Owner traded Corebridge Financial Inc. shares for $20.50 each. Upon closing the transaction, the insider’s holdings decreased to 50,000,000 shares, worth approximately $9.64 billion.
Analysts at UBS started covering the stock with ‘”a Buy”‘ outlook in a report released in late June. Earlier on April 04, 2023, Goldman upgraded its rating. Their new recommendation was “a Buy” for CRBG stock which previously was a “a Neutral”.
Analyzing CRBG Stock Performance
During the last five days, there has been a drop of approximately -3.62%. Over the course of the year, Corebridge Financial Inc. shares have jumped approximately 21.75%. Shares of the company reached a 52-week high of $29.40 on 03/28/24 and a 52-week low of $21.58 on 01/02/24. A 50-day SMA is recorded $25.87, while a 200-day SMA reached $21.69. Nevertheless, trading volume fell to 3.38 million shares from 2.21 million shares the previous day.
Support And Resistance Levels for Corebridge Financial Inc. (CRBG)
According to the 24-hour chart, there is a support level at 25.93, which, if violated, would cause prices to drop to 25.48. In the upper region, resistance lies at 27.03. The next price resistance is at 27.69. RSI (Relative Strength Index) is 44.61 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.09, which suggests the price will decrease in the coming days. Percent R is at 93.09%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
