Travelers Companies Inc.’s recently made public that its Officer HEYMAN WILLIAM H acquired Company’s shares for reported $0.46 million on Aug 30 ’24. In the deal valued at $227.75 per share,2,000 shares were bought.
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Then, OLIVO MARIA sold 15,000 shares, generating $3,396,704 in total proceeds. Upon selling the shares at $226.45, the EVP, Strat Dev & Pres Intl now owns 111,162 shares.
Before that, HEYMAN WILLIAM H sold 2,000 shares. Travelers Companies Inc. shares valued at $453,500 were divested by the Vice Chairman at a price of $226.75 per share. As a result of the transaction, HEYMAN WILLIAM H now holds 250,384 shares, worth roughly $57.11 million.
TD Cowen downgraded its Travelers Companies Inc. [TRV] rating to a Hold from a a Buy in a research note published on July 15, 2024; the price target was decreased to $230 from $252. A number of analysts have revised their coverage, including William Blair’s analysts, who decreased its forecast for the stock in late June from “an Outperform” to “a Mkt perform”. Citigroup also remained covering TRV and has decreased its forecast on June 28, 2024 with a “Sell” recommendation from previously “Neutral” rating. TD Cowen started covering the stock on January 10, 2024. It rated TRV as “an Outperform”.
Price Performance Review of TRV
On Friday, Travelers Companies Inc. [NYSE:TRV] saw its stock jump 0.77% to $228.07. Over the last five days, the stock has gained 2.82%. Travelers Companies Inc. shares have risen nearly 19.73% since the year began. Nevertheless, the stocks have risen 41.38% over the past one year. While a 52-week high of $232.75 was reached on 04/04/24, a 52-week low of $157.33 was recorded on 01/09/24. SMA at 50 days reached $212.54, while 200 days put it at $208.72.
Levels Of Support And Resistance For TRV Stock
The 24-hour chart illustrates a support level at 226.35, which if violated will result in even more drops to 224.62. On the upside, there is a resistance level at 229.00. A further resistance level may holdings at 229.93. The Relative Strength Index (RSI) on the 14-day chart is 70.49, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.57, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.72%. Stochastics %K at 95.31% indicates the stock is a selling.
How much short interest is there in Travelers Companies Inc.?
A steep rise in short interest was recorded in Travelers Companies Inc. stocks on 2024-08-15, dropping by -0.93 million shares to a total of 3.11 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 4.04 million shares. There was a decline of -30.07%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on December 28, 2023 when HSBC Securities began covering the stock and recommended ‘”a Hold”‘ rating along with a $203 price target.
