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Cannae Holdings Inc (CNNE) Becoming More Attractive for Investors

Cannae Holdings Inc’s recent filing unveils that its Chief Executive Officer Massey Richard N unloaded Company’s shares for reported $0.59 million on Apr 17 ’24. In the deal valued at $19.63 per share,30,000 shares were sold. As a result of this transaction, Massey Richard N now holds 274,367 shares worth roughly $5.34 million.

Then, Massey Richard N sold 50,000 shares, generating $1,030,000 in total proceeds. Upon selling the shares at $20.60, the Chief Executive Officer now owns 304,367 shares.

Before that, Massey Richard N sold 50,000 shares. Cannae Holdings Inc shares valued at $1,041,065 were divested by the Chief Executive Officer at a price of $20.82 per share. As a result of the transaction, Massey Richard N now holds 354,367 shares, worth roughly $6.89 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 Tuesday, Cannae Holdings Inc [NYSE:CNNE] saw its stock fall -2.75% to $19.45. Over the last five days, the stock has lost -3.76%. Cannae Holdings Inc shares have fallen nearly -0.31% since the year began. Nevertheless, the stocks have risen 6.63% 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 $21.24, while 200 days put it at $19.71. A total of 0.79 million shares were traded, compared to the trading of 0.44 million shares in the previous session.

Levels Of Support And Resistance For CNNE Stock

The 24-hour chart illustrates a support level at 19.31, which if violated will result in even more drops to 19.16. On the upside, there is a resistance level at 19.72. A further resistance level may holdings at 19.99. The Relative Strength Index (RSI) on the 14-day chart is 35.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.59%. Stochastics %K at 31.69% indicates the stock is a holding.

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