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Cigna Group [CI] Insider Cordani David sells 31,209 Shares for $31,209

Cigna Group’s filing revealed that 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 $124.06 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 $124.06 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 0.56% to $356.44. Over the last five days, the stock has gained 0.92%. Cigna Group shares have risen nearly 19.03% since the year began. Nevertheless, the stocks have risen 42.39% 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 $349.76, while 200 days put it at $308.47. A total of 1.1 million shares were traded, compared to the trading of 0.83 million shares in the previous session.

Levels Of Support And Resistance For CI Stock

The 24-hour chart illustrates a support level at 354.23, which if violated will result in even more drops to 352.02. On the upside, there is a resistance level at 358.44. A further resistance level may holdings at 360.44. The Relative Strength Index (RSI) on the 14-day chart is 58.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.19, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 23.53%. Stochastics %K at 63.31% indicates the stock is a holding.

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