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Taking a look at what insiders are doing to gauge the Chubb Limited (CB)’s direction

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. Chubb Limited shares valued at $8,745,426 were sold by Keogh John W on May 08 ’24. At $251.98 per share, Keogh John W sold 34,707 shares. The insider’s holdings dropped to 284,136 shares worth approximately $71.88 million following the completion of this transaction.

Also, BOROUGHS TIMOTHY ALAN sold 14,303 shares, netting a total of over 3,701,344 in proceeds. Following the sale of shares at $258.78 each, the insider now holds 35,662 shares.

Before that, BOROUGHS TIMOTHY ALAN had sold 5,697 shares from its account. In a trade valued at $1,475,817, the Executive Vice President* traded Chubb Limited shares for $259.05 each. Upon closing the transaction, the insider’s holdings decreased to 5,697 shares, worth approximately $0.0.

As published in a research note from HSBC Securities on April 04, 2024, Chubb Limited [CB] has been rated down from a Buy to a Hold and the price target has been revised to $270 from $275. Analysts at Citigroup downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid March. As of January 10, 2024, TD Cowen has initiated its “Market perform” rating for CB. Earlier on January 08, 2024, Goldman downgraded its rating. Their new recommendation was “a Neutral” for CB stock which previously was a “a Buy”.

Analyzing CB Stock Performance

During the last five days, there has been a surge of approximately 0.53%. Over the course of the year, Chubb Limited shares have jumped approximately 11.93%. Shares of the company reached a 52-week high of $260.58 on 03/13/24 and a 52-week low of $222.85 on 01/09/24. A 50-day SMA is recorded $252.01, while a 200-day SMA reached $229.22. Nevertheless, trading volume fell to 1.0 million shares from 1.16 million shares the previous day.

Support And Resistance Levels for Chubb Limited (CB)

According to the 24-hour chart, there is a support level at 252.07, which, if violated, would cause prices to drop to 251.16. In the upper region, resistance lies at 253.80. The next price resistance is at 254.62. RSI (Relative Strength Index) is 54.95 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.33, which suggests the price will increase in the coming days. Percent R is at 20.40%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

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