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Recent Insider Activity Suggests Potential Gains for CNA Financial Corp. (CNA)

CNA Financial Corp.’s recent filing unveils that its EVP & CAO Franzetti Daniel Paul unloaded Company’s shares for reported $1.04 million on May 08 ’24. In the deal valued at $44.78 per share,23,301 shares were sold. As a result of this transaction, Franzetti Daniel Paul now holds 63,996 shares worth roughly $2.91 million.

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Then, Worman Douglas sold 26,821 shares, generating $1,074,986 in total proceeds. Upon selling the shares at $40.08, the EVP & Head of Underwriting now owns 104,876 shares.

Before that, Stone Susan Ann sold 8,521 shares. CNA Financial Corp. shares valued at $349,617 were divested by the EVP & General Counsel at a price of $41.03 per share. As a result of the transaction, Stone Susan Ann now holds 36,381 shares, worth roughly $1.65 million.

BofA Securities downgraded its CNA Financial Corp. [CNA] rating to an Underperform from a a Neutral in a research note published on February 06, 2024; the price target was increased to $43 from $39. A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who decreased its forecast for the stock in mid July from “an Outperform” to “a Mkt perform”. BofA Securities also remained covering CNA and has increased its forecast on May 03, 2023 with a “Neutral” recommendation from previously “an Underperform” rating. Keefe Bruyette revised its rating on February 19, 2021. It rated CNA as “an Outperform” which previously was an “a Mkt perform”.

Price Performance Review of CNA

On Tuesday, CNA Financial Corp. [NYSE:CNA] saw its stock jump 1.13% to $45.48. Over the last five days, the stock has lost -0.20%. CNA Financial Corp. shares have risen nearly 12.25% since the year began. Nevertheless, the stocks have risen 22.09% over the past one year. While a 52-week high of $46.73 was reached on 02/15/24, a 52-week low of $35.95 was recorded on 01/11/24. SMA at 50 days reached $44.66, while 200 days put it at $43.01. A total of 0.24 million shares were traded, compared to the trading of 0.22 million shares in the previous session.

Levels Of Support And Resistance For CNA Stock

The 24-hour chart illustrates a support level at 44.96, which if violated will result in even more drops to 44.45. On the upside, there is a resistance level at 45.93. A further resistance level may holdings at 46.39. The Relative Strength Index (RSI) on the 14-day chart is 56.56, 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 40.71%. Stochastics%K at 53.21% indicates the stock is a holding.

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