In a filing, Cigna Group revealed its Chairman & CEO Cordani David unloaded Company’s shares for reported $11.08 million on Mar 25 ’24. In the deal valued at $355.17 per share,31,209 shares were sold. As a result of this transaction, Cordani David now holds 348,054 shares worth roughly $122.93 million.
Then, Cordani David sold 6,338 shares, generating $2,250,682 in total proceeds. Upon selling the shares at $355.11, the Chairman & CEO now owns 348,054 shares.
Before that, Cordani David sold 2,293 shares. Cigna Group shares valued at $814,052 were divested by the Chairman & CEO at a price of $355.02 per share. As a result of the transaction, Cordani David now holds 348,054 shares, worth roughly $122.93 million.
Barclays initiated its Cigna Group [CI] rating to an Overweight in a research note published on March 06, 2024; the price target was $393. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who increased its forecast for the stock in early February from “a Sector perform” to “an Outperform”. Cantor Fitzgerald also remained covering CI and has increased its forecast on February 05, 2024 with a “an Overweight” recommendation from previously “Neutral” rating. Deutsche Bank revised its rating on February 01, 2024. It rated CI as “a Buy” which previously was an “a Hold”.
Price Performance Review of CI
On Monday, Cigna Group [NYSE:CI] saw its stock jump 0.22% to $353.18. Over the last five days, the stock has gained 1.23%. Cigna Group shares have risen nearly 17.94% since the year began. Nevertheless, the stocks have risen 38.08% over the past one year. While a 52-week high of $365.71 was reached on 03/28/24, a 52-week low of $240.50 was recorded on 01/25/24. SMA at 50 days reached $348.10, while 200 days put it at $306.50. A total of 1.16 million shares were traded, compared to the trading of 1.3 million shares in the previous session.
Levels Of Support And Resistance For CI Stock
The 24-hour chart illustrates a support level at 351.75, which if violated will result in even more drops to 350.33. On the upside, there is a resistance level at 355.49. A further resistance level may holdings at 357.81. The Relative Strength Index (RSI) on the 14-day chart is 53.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.57, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 60.51%. Stochastics %K at 30.14% indicates the stock is a holding.
