Corebridge Financial Inc.’s recent filing unveils that its 10% Owner AMERICAN INTERNATIONAL GROUP, unloaded Company’s shares for reported $144.3 million on Sep 16 ’24. In the deal valued at $28.86 per share,5,000,000 shares were sold. As a result of this transaction, AMERICAN INTERNATIONAL GROUP, now holds 279,238,898 shares worth roughly $8.14 billion.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, American International Group, bought 5,000,000 shares, generating $135,900,000 in total proceeds.
Before that, AMERICAN INTERNATIONAL GROUP, sold 8,032,129 shares. Corebridge Financial Inc. shares valued at $200,000,012 were divested by the 10% Owner at a price of $24.90 per share. As a result of the transaction, AMERICAN INTERNATIONAL GROUP, now holds 284,238,898 shares, worth roughly $8.29 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 jump 0.90% to $29.16. Over the last five days, the stock has gained 1.99%. Corebridge Financial Inc. shares have risen nearly 34.63% since the year began. Nevertheless, the stocks have risen 56.12% over the past one year. While a 52-week high of $34.66 was reached on 05/16/24, a 52-week low of $17.79 was recorded on 01/02/24. SMA at 50 days reached $27.94, while 200 days put it at $26.95.
Levels Of Support And Resistance For CRBG Stock
The 24-hour chart illustrates a support level at 28.76, which if violated will result in even more drops to 28.36. On the upside, there is a resistance level at 29.37. A further resistance level may holdings at 29.58. The Relative Strength Index (RSI) on the 14-day chart is 60.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.04, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.83%. Stochastics %K at 94.42% indicates the stock is a selling.
How much short interest is there in Corebridge Financial Inc.?
A steep rise in short interest was recorded in Corebridge Financial Inc. stocks on 2024-09-13, growing by 1.98 million shares to a total of 7.34 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 5.36 million shares. There was a rise of 26.95%, which implies that there is a positive sentiment for the stock.
