Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Metlife Inc shares valued at $1,951,325 were sold by PAPPAS BILL on Mar 18 ’24. At $72.27 per share, PAPPAS BILL sold 27,000 shares. The insider’s holdings dropped to 57,768 shares worth approximately $4.04 million following the completion of this transaction.
Also, TADROS RAMY sold 4,026 shares, netting a total of over 289,479 in proceeds. Following the sale of shares at $71.90 each, the insider now holds 146,981 shares.
Before that, Khalaf Michel had sold 20,460 shares from its account. In a trade valued at $1,349,329, the President & CEO traded Metlife Inc shares for $65.95 each. Upon closing the transaction, the insider’s holdings decreased to 20,460 shares, worth approximately $27.0 million.
As published in a research note from Goldman on January 08, 2024, Metlife Inc [MET] has been rated up from a Neutral to a Buy and the price target has been revised to $80. As of October 05, 2023, Deutsche Bank has initiated its “Hold” rating for MET. Earlier on September 14, 2023, Jefferies upgraded its rating. Their new recommendation was “a Buy” for MET stock which previously was a “a Hold”.
Analyzing MET Stock Performance
During the last five days, there has been a drop of approximately -1.45%. Over the course of the year, Metlife Inc shares have jumped approximately 5.78%. Shares of the company reached a 52-week high of $74.68 on 04/04/24 and a 52-week low of $64.61 on 02/05/24. A 50-day SMA is recorded $70.86, while a 200-day SMA reached $65.32. Nevertheless, trading volume fell to 2.68 million shares from 2.65 million shares the previous day.
Support And Resistance Levels for Metlife Inc (MET)
According to the 24-hour chart, there is a support level at 69.47, which, if violated, would cause prices to drop to 68.99. In the upper region, resistance lies at 70.29. The next price resistance is at 70.63. RSI (Relative Strength Index) is 40.27 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.46, which suggests the price will decrease in the coming days. Percent R is at 77.52%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
