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Cannae Holdings Inc’s latest rating changes from various analysts

In a filing, Cannae Holdings Inc revealed its Director Massey Richard N unloaded Company’s shares for reported $0.5 million on May 24 ’24. In the deal valued at $19.38 per share,25,752 shares were sold. As a result of this transaction, Massey Richard N now holds 248,615 shares worth roughly $4.53 million.

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Then, Massey Richard N sold 30,000 shares, generating $588,900 in total proceeds. Upon selling the shares at $19.63, the Chief Executive Officer now owns 274,367 shares.

Before that, Massey Richard N sold 50,000 shares. Cannae Holdings Inc shares valued at $1,030,000 were divested by the Chief Executive Officer at a price of $20.60 per share. As a result of the transaction, Massey Richard N now holds 304,367 shares, worth roughly $5.55 million.

RBC Capital Mkts initiated its Cannae Holdings Inc [CNNE] rating to an Outperform in a research note published on December 20, 2021; the price target was $42. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who began to cover the stock in mid November with a ‘”an Outperform”‘ rating. Piper Jaffray also remained covering CNNE and has increased its forecast on November 09, 2018 with a “an Overweight” recommendation from previously “Neutral” rating.

Price Performance Review of CNNE

On Tuesday, Cannae Holdings Inc [NYSE:CNNE] saw its stock jump 0.83% to $18.23. Over the last five days, the stock has gained 1.84%. Cannae Holdings Inc shares have fallen nearly -6.56% since the year began. Nevertheless, the stocks have fallen -9.53% over the past one year. While a 52-week high of $22.99 was reached on 04/02/24, a 52-week low of $15.93 was recorded on 06/17/24. SMA at 50 days reached $18.85, while 200 days put it at $19.50. A total of 0.38 million shares were traded, compared to the trading of 0.39 million shares in the previous session.

Levels Of Support And Resistance For CNNE Stock

The 24-hour chart illustrates a support level at 18.03, which if violated will result in even more drops to 17.82. On the upside, there is a resistance level at 18.34. A further resistance level may holdings at 18.44. The Relative Strength Index (RSI) on the 14-day chart is 51.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.20, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 0.92%. Stochastics%K at 87.39% indicates the stock is a selling.

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