In a filing, Corebridge Financial Inc. revealed its 10% Owner American International Group, acquired Company’s shares for reported $135.9 million on Sep 16 ’24. In the deal valued at $27.18 per share,5,000,000 shares were bought.
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Then, AMERICAN INTERNATIONAL GROUP, sold 8,032,129 shares, generating $200,000,012 in total proceeds. Upon selling the shares at $24.90, the 10% Owner now owns 284,238,898 shares.
Before that, AMERICAN INTERNATIONAL GROUP, sold 1,932,609 shares. Corebridge Financial Inc. shares valued at $56,432,183 were divested by the 10% Owner at a price of $29.20 per share. As a result of the transaction, AMERICAN INTERNATIONAL GROUP, now holds 292,271,027 shares, worth roughly $7.94 billion.
Barclays initiated its Corebridge Financial Inc. [CRBG] rating to an Equal weight in a research note published on September 05, 2024; the price target was $33. UBS began covering CRBG with “Buy” recommendation on June 29, 2023.
Price Performance Review of CRBG
On Monday, Corebridge Financial Inc. [NYSE:CRBG] saw its stock fall -0.84% to $27.18. Over the last five days, the stock has gained 0.63%. Corebridge Financial Inc. shares have risen nearly 25.48% since the year began. Nevertheless, the stocks have risen 55.14% over the past one year. While a 52-week high of $34.66 was reached on 05/16/24, a 52-week low of $17.33 was recorded on 01/02/24. SMA at 50 days reached $28.21, while 200 days put it at $26.57.
Levels Of Support And Resistance For CRBG Stock
The 24-hour chart illustrates a support level at 26.95, which if violated will result in even more drops to 26.71. On the upside, there is a resistance level at 27.50. A further resistance level may holdings at 27.81. The Relative Strength Index (RSI) on the 14-day chart is 44.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.52, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 68.07%. Stochastics %K at 36.85% indicates the stock is a holding.
How much short interest is there in Corebridge Financial Inc.?
A steep rise in short interest was recorded in Corebridge Financial Inc. stocks on 2024-08-30, dropping by -2.11 million shares to a total of 4.63 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 6.74 million shares. There was a decline of -45.67%, which implies that there is a negative sentiment for the stock.
