The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Cincinnati Financial Corp. shares valued at $223,283 were purchased by Osborn David P on Apr 29 ’24. At $111.64 per share, Osborn David P acquired 2,000 shares. The insider’s holdings grew to 33,919 shares worth approximately $3.98 million following the completion of this transaction.
Also, Debbink Dirk J purchased 1,000 shares, netting a total of over 113,470 in proceeds. Following the buying of shares at $113.47 each, the insider now holds 53,988 shares.
Before that, Debbink Dirk J had added 2,000 shares to its account. In a trade valued at $205,960, the Director bought Cincinnati Financial Corp. shares for $102.98 each. Upon closing the transaction, the insider’s holdings increased to 2,000 shares, worth approximately $6.05 million.
As published in a research note from BMO Capital Markets on March 25, 2024, Cincinnati Financial Corp. [CINF] has been rated up from a Market perform to an Outperform and the price target has been revised to $135 from $125. Analysts at Janney started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid December. As of November 22, 2023, Citigroup has initiated its “Neutral” rating for CINF. Earlier on November 16, 2023, Oppenheimer initiated its rating. Their recommendation was “a Perform” for CINF stock.
Analyzing CINF Stock Performance
During the last five days, there has been a drop of approximately -2.18%. Over the course of the year, Cincinnati Financial Corp. shares have jumped approximately 13.38%. Shares of the company reached a 52-week high of $124.35 on 03/28/24 and a 52-week low of $103.26 on 01/02/24. A 50-day SMA is recorded $117.70, while a 200-day SMA reached $108.06. Nevertheless, trading volume fell to 1.04 million shares from 1.29 million shares the previous day.
Support And Resistance Levels for Cincinnati Financial Corp. (CINF)
According to the 24-hour chart, there is a support level at 115.82, which, if violated, would cause prices to drop to 114.34. In the upper region, resistance lies at 118.65. The next price resistance is at 120.00. RSI (Relative Strength Index) is 48.94 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.83, which suggests the price will decrease in the coming days. Percent R is at 38.22%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
