Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Travelers Companies Inc. shares valued at $1,064,482 were sold by Frey Daniel S. on Apr 25 ’24. At $212.90 per share, Frey Daniel S. sold 5,000 shares. The insider’s holdings dropped to 18,515 shares worth approximately $3.95 million following the completion of this transaction.
Also, Klein Michael Frederick sold 10,000 shares, netting a total of over 2,139,618 in proceeds. Following the sale of shares at $213.96 each, the insider now holds 22,798 shares.
Before that, Yin Daniel Tei-Hwa had sold 9,502 shares from its account. In a trade valued at $2,103,173, the EVP & Co-Chief Invest. Officer traded Travelers Companies Inc. shares for $221.34 each. Upon closing the transaction, the insider’s holdings decreased to 9,502 shares, worth approximately $12.54 million.
As published in their initiating research note from TD Cowen on January 10, 2024, Travelers Companies Inc. [TRV] has been an Outperform and the price target has been revised to $247. Analysts at HSBC Securities started covering the stock with ‘”a Hold”‘ outlook in a report released in late December. As of December 20, 2023, Janney has initiated its “Buy” rating for TRV. Earlier on November 16, 2023, Oppenheimer initiated its rating. Their recommendation was “a Perform” for TRV stock.
Analyzing TRV Stock Performance
During the last five days, there has been a drop of approximately -0.13%. Over the course of the year, Travelers Companies Inc. shares have jumped approximately 11.90%. Shares of the company reached a 52-week high of $232.75 on 04/04/24 and a 52-week low of $189.87 on 01/09/24. A 50-day SMA is recorded $220.91, while a 200-day SMA reached $189.03. Nevertheless, trading volume fell to 1.14 million shares from 1.39 million shares the previous day.
Support And Resistance Levels for Travelers Companies Inc. (TRV)
According to the 24-hour chart, there is a support level at 211.79, which, if violated, would cause prices to drop to 210.44. In the upper region, resistance lies at 214.87. The next price resistance is at 216.60. RSI (Relative Strength Index) is 40.62 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.84, which suggests the price will decrease in the coming days. Percent R is at 52.17%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
