In a filing, Cannae Holdings Inc revealed 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 $5.7 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 $7.37 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 jump 0.53% to $20.79. Over the last five days, the stock has gained 6.89%. Cannae Holdings Inc shares have risen nearly 6.56% since the year began. Nevertheless, the stocks have risen 14.48% 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 $21.12, while 200 days put it at $19.69. A total of 0.33 million shares were traded, compared to the trading of 0.33 million shares in the previous session.
Levels Of Support And Resistance For CNNE Stock
The 24-hour chart illustrates a support level at 20.65, which if violated will result in even more drops to 20.52. On the upside, there is a resistance level at 20.88. A further resistance level may holdings at 20.98. The Relative Strength Index (RSI) on the 14-day chart is 55.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.60, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 3.09%. Stochastics %K at 94.88% indicates the stock is a selling.
