Corebridge Financial Inc.’s recently made public that its 10% Owner AMERICAN INTERNATIONAL GROUP, unloaded Company’s shares for reported $135.07 million on Dec 18 ’23. In the deal valued at $21.75 per share,6,210,256 shares were sold. As a result of this transaction, AMERICAN INTERNATIONAL GROUP, now holds 324,203,636 shares worth roughly $9.3 billion.
Then, AMERICAN INTERNATIONAL GROUP, sold 35,000,000 shares, generating $717,500,000 in total proceeds. Upon selling the shares at $20.50, the 10% Owner now owns 330,413,892 shares.
Before that, AMERICAN INTERNATIONAL GROUP, sold 50,000,000 shares. Corebridge Financial Inc. shares valued at $1,025,000,000 were divested by the 10% Owner at a price of $20.50 per share. As a result of the transaction, AMERICAN INTERNATIONAL GROUP, now holds 365,413,892 shares, worth roughly $10.48 billion.
A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in late June with a ‘”a Buy”‘ rating. Goldman revised its rating on April 04, 2023. It rated CRBG as “a Buy” which previously was an “a Neutral”.
Price Performance Review of CRBG
On Friday, Corebridge Financial Inc. [NYSE:CRBG] saw its stock jump 1.99% to $28.68. Over the last five days, the stock has gained 7.21%. Corebridge Financial Inc. shares have risen nearly 32.41% since the year began. Nevertheless, the stocks have risen 96.99% over the past one year. While a 52-week high of $29.40 was reached on 05/03/24, a 52-week low of $13.53 was recorded on 01/02/24. SMA at 50 days reached $26.54, while 200 days put it at $22.20. A total of 6.05 million shares were traded, compared to the trading of 10.18 million shares in the previous session.
Levels Of Support And Resistance For CRBG Stock
The 24-hour chart illustrates a support level at 27.78, which if violated will result in even more drops to 26.88. On the upside, there is a resistance level at 29.55. A further resistance level may holdings at 30.43. The Relative Strength Index (RSI) on the 14-day chart is 65.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.80, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 25.06%. Stochastics %K at 71.71% indicates the stock is a holding.
