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An Analysis of Chubb Limited (CB)’s Potential Price Growth


In a filing, Chubb Limited revealed its Executive Vice President* Ortega Juan Luis unloaded Company’s shares for reported $0.63 million on Jun 06 ’24. In the deal valued at $260.98 per share,2,400 shares were sold. As a result of this transaction, Ortega Juan Luis now holds 44,632 shares worth roughly $11.93 million.

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Then, ATIEH MICHAEL G sold 716 shares, generating $193,105 in total proceeds. Upon selling the shares at $269.70, the Director now owns 39,295 shares.

Before that, HAGAN ANNMARIE T sold 1,529 shares. Chubb Limited shares valued at $403,365 were divested by the Chief Accounting Officer at a price of $263.81 per share. As a result of the transaction, HAGAN ANNMARIE T now holds 7,718 shares, worth roughly $2.06 million.

BofA Securities upgraded its Chubb Limited [CB] rating to a Neutral from a an Underperform in a research note published on May 23, 2024; the price target was increased to $266 from $244. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who decreased its forecast for the stock in early April from “a Buy” to “a Hold”. Citigroup also remained covering CB and has decreased its forecast on March 14, 2024 with a “Neutral” recommendation from previously “Buy” rating. TD Cowen started covering the stock on January 10, 2024. It rated CB as “a Market perform”.

Price Performance Review of CB

On Friday, Chubb Limited [NYSE:CB] saw its stock jump 1.32% to $267.22. Over the last five days, the stock has lost -1.33%. Chubb Limited shares have risen nearly 18.24% since the year began. Nevertheless, the stocks have risen 38.75% over the past one year. While a 52-week high of $275.41 was reached on 05/17/24, a 52-week low of $183.71 was recorded on 01/09/24. SMA at 50 days reached $255.18, while 200 days put it at $234.36. A total of 1.52 million shares were traded, compared to the trading of 1.11 million shares in the previous session.

Levels Of Support And Resistance For CB Stock

The 24-hour chart illustrates a support level at 265.24, which if violated will result in even more drops to 263.25. On the upside, there is a resistance level at 269.48. A further resistance level may holdings at 271.73. The Relative Strength Index (RSI) on the 14-day chart is 58.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 56.72%. Stochastics %K at 28.93% indicates the stock is a holding.

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