Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Travelers Companies Inc. shares valued at $2,114,370 were sold by Klein Michael Frederick on Jul 25 ’24. At $211.44 per share, Klein Michael Frederick sold 10,000 shares. The insider’s holdings dropped to 22,798 shares worth approximately $4.83 million following the completion of this transaction.
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Also, Toczydlowski Gregory C sold 9,372 shares, netting a total of over 2,014,215 in proceeds. Following the sale of shares at $214.92 each, the insider now holds 18,416 shares.
Before that, Klenk Jeffrey P. had sold 3,635 shares from its account. In a trade valued at $776,727, the EVP & Pres., Bond & Spec. Ins. traded Travelers Companies Inc. shares for $213.68 each. Upon closing the transaction, the insider’s holdings decreased to 3,635 shares, worth approximately $1.29 million.
As published in a research note from TD Cowen on July 15, 2024, Travelers Companies Inc. [TRV] has been rated down from a Buy to a Hold and the price target has been revised to $230 from $252. Analysts at William Blair downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in late June. As of June 28, 2024, Citigroup has decreased its “Neutral” rating to a “Sell” for TRV. Earlier on January 10, 2024, TD Cowen initiated its rating. Their recommendation was “an Outperform” for TRV stock.
Analyzing TRV Stock Performance
During the last five days, there has been a drop of approximately -0.17%. Over the course of the year, Travelers Companies Inc. shares have jumped approximately 11.12%. Shares of the company reached a 52-week high of $232.75 on 04/04/24 and a 52-week low of $189.87 on 01/09/24. A 50-day SMA is recorded $209.79, while a 200-day SMA reached $204.55. Nevertheless, trading volume fell to 1.03 million shares from 1.33 million shares the previous day.
Support And Resistance Levels for Travelers Companies Inc. (TRV)
According to the 24-hour chart, there is a support level at 209.86, which, if violated, would cause prices to drop to 208.03. In the upper region, resistance lies at 212.99. The next price resistance is at 214.29. RSI (Relative Strength Index) is 50.84 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.66, which suggests the price will decrease in the coming days. Percent R is at 53.37%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
