CNO Financial Group Inc’s filing revealed that its Chief Operations Officer Linnenbringer Jeanne L. unloaded Company’s shares for reported $0.19 million on Sep 03 ’24. In the deal valued at $34.88 per share,5,364 shares were sold. As a result of this transaction, Linnenbringer Jeanne L. now holds 44,884 shares worth roughly $1.52 million.
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Then, Linnenbringer Jeanne L. sold 5,435 shares, generating $186,192 in total proceeds. Upon selling the shares at $34.26, the Chief Operations Officer now owns 37,663 shares.
Before that, Linnenbringer Jeanne L. sold 1,786 shares. CNO Financial Group Inc shares valued at $61,817 were divested by the Chief Operations Officer at a price of $34.61 per share. As a result of the transaction, Linnenbringer Jeanne L. now holds 43,098 shares, worth roughly $1.46 million.
Piper Sandler upgraded its CNO Financial Group Inc [CNO] rating to an Overweight from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who decreased its forecast for the stock in early January from “an In-line” to “an Underperform”. RBC Capital Mkts started covering the stock on September 13, 2022. It rated CNO as “an Outperform”.
Price Performance Review of CNO
On Monday, CNO Financial Group Inc [NYSE:CNO] saw its stock jump 2.75% to $33.96. Over the last five days, the stock has gained 4.14%. CNO Financial Group Inc shares have risen nearly 21.72% since the year began. Nevertheless, the stocks have risen 42.21% over the past one year. While a 52-week high of $35.45 was reached on 08/01/24, a 52-week low of $22.27 was recorded on 04/11/24. SMA at 50 days reached $31.97, while 200 days put it at $28.37.
Levels Of Support And Resistance For CNO Stock
The 24-hour chart illustrates a support level at 33.50, which if violated will result in even more drops to 33.04. On the upside, there is a resistance level at 34.20. A further resistance level may holdings at 34.45. The Relative Strength Index (RSI) on the 14-day chart is 59.01, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.41, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 32.41%. Stochastics %K at 48.09% indicates the stock is a holding.
How much short interest is there in CNO Financial Group Inc?
A steep rise in short interest was recorded in CNO Financial Group Inc stocks on 2024-08-30, dropping by -1.2 million shares to a total of 2.21 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 3.41 million shares. There was a decline of -54.28%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on January 26, 2022 when Jefferies began covering the stock and recommended ‘”a Hold”‘ rating along with a $25 price target.
