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An Analysis of Metlife Inc (MET)’s Potential Price Growth

Metlife Inc’s filing revealed that its EVP, Global Tech. & Ops. PAPPAS BILL unloaded Company’s shares for reported $1.95 million on Mar 18 ’24. In the deal valued at $72.27 per share,27,000 shares were sold. As a result of this transaction, PAPPAS BILL now holds 57,768 shares worth roughly $4.06 million.

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Then, TADROS RAMY sold 4,026 shares, generating $289,479 in total proceeds. Upon selling the shares at $71.90, the President, U.S. Business now owns 146,981 shares.

Before that, Khalaf Michel sold 20,460 shares. Metlife Inc shares valued at $1,349,329 were divested by the President & CEO at a price of $65.95 per share. As a result of the transaction, Khalaf Michel now holds 385,987 shares, worth roughly $27.14 million.

Goldman upgraded its Metlife Inc [MET] rating to a Buy from a a Neutral in a research note published recently. Deutsche Bank began covering MET with “Hold” recommendation on October 05, 2023. Jefferies revised its rating on September 14, 2023. It rated MET as “a Buy” which previously was an “a Hold”.

Price Performance Review of MET

On Tuesday, Metlife Inc [NYSE:MET] saw its stock fall -1.55% to $70.31. Over the last five days, the stock has lost -0.94%. Metlife Inc shares have risen nearly 6.32% since the year began. Nevertheless, the stocks have risen 32.74% over the past one year. While a 52-week high of $74.68 was reached on 04/04/24, a 52-week low of $52.21 was recorded on 02/05/24. SMA at 50 days reached $71.98, while 200 days put it at $67.04. A total of 3.09 million shares were traded, compared to the trading of 3.18 million shares in the previous session.

Levels Of Support And Resistance For MET Stock

The 24-hour chart illustrates a support level at 69.48, which if violated will result in even more drops to 68.65. On the upside, there is a resistance level at 71.29. A further resistance level may holdings at 72.26. The Relative Strength Index (RSI) on the 14-day chart is 42.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.78, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.89%. Stochastics %K at 33.68% indicates the stock is a holding.

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