In a filing, CNO Financial Group Inc revealed its Chief Information Officer Mead Michael E. unloaded Company’s shares for reported $0.14 million on Jun 03 ’24. In the deal valued at $28.85 per share,5,013 shares were sold. As a result of this transaction, Mead Michael E. now holds 36,522 shares worth roughly $0.97 million.
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Then, Mead Michael E. sold 7,690 shares, generating $217,589 in total proceeds. Upon selling the shares at $28.30, the Chief Information Officer now owns 41,535 shares.
Before that, TARASI ROCCO F III sold 3,500 shares. CNO Financial Group Inc shares valued at $99,750 were divested by the Chief Marketing Officer at a price of $28.50 per share. As a result of the transaction, TARASI ROCCO F III now holds 81,380 shares, worth roughly $2.16 million.
Piper Sandler upgraded its CNO Financial Group Inc [CNO] rating to an Overweight from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who decreased its forecast for the stock in early January from “an In-line” to “an Underperform”. RBC Capital Mkts started covering the stock on September 13, 2022. It rated CNO as “an Outperform”.
Price Performance Review of CNO
On Friday, CNO Financial Group Inc [NYSE:CNO] saw its stock fall -0.93% to $26.59. Over the last five days, the stock has lost -3.69%. CNO Financial Group Inc shares have fallen nearly -4.70% since the year began. Nevertheless, the stocks have risen 13.58% over the past one year. While a 52-week high of $29.09 was reached on 05/20/24, a 52-week low of $22.06 was recorded on 04/11/24. SMA at 50 days reached $27.27, while 200 days put it at $26.13. A total of 1.14 million shares were traded, compared to the trading of 0.71 million shares in the previous session.
Levels Of Support And Resistance For CNO Stock
The 24-hour chart illustrates a support level at 26.43, which if violated will result in even more drops to 26.26. On the upside, there is a resistance level at 26.69. A further resistance level may holdings at 26.78. The Relative Strength Index (RSI) on the 14-day chart is 38.14, 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 90.76%. Stochastics %K at 17.18% indicates the stock is a buying.
The most recent change occurred on January 26, 2022 when Jefferies began covering the stock and recommended ‘”a Hold”‘ rating along with a $25 price target.
