Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Chubb Limited shares valued at $8,780,093 were sold by GREENBERG EVAN G on Sep 09 ’24. At $289.60 per share, GREENBERG EVAN G sold 30,318 shares. The insider’s holdings dropped to 553,664 shares worth approximately $159.75 million following the completion of this transaction.
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Also, GREENBERG EVAN G sold 30,537 shares, netting a total of over 8,771,753 in proceeds. Following the sale of shares at $287.25 each, the insider now holds 583,982 shares.
Before that, GREENBERG EVAN G had added 50,958 shares to its account. In a trade valued at $14,629,364, the Officer bought Chubb Limited shares for $287.09 each.
As published in their initiating research note from Barclays on September 05, 2024, Chubb Limited [CB] has been an Overweight and the price target has been revised to $349. Analysts at William Blair downgraded the stock from ‘”a Mkt perform”‘ to ‘”an Underperform”‘ outlook in a report released in late June. As of May 23, 2024, BofA Securities has increased its “an Underperform” rating to a “Neutral” for CB. Earlier on April 04, 2024, HSBC Securities downgraded its rating. Their new recommendation was “a Hold” for CB stock which previously was a “a Buy”.
Analyzing CB Stock Performance
During the last five days, there has been a drop of approximately -0.45%. Over the course of the year, Chubb Limited shares have jumped approximately 27.67%. Shares of the company reached a 52-week high of $294.18 on 09/10/24 and a 52-week low of $222.85 on 01/09/24. A 50-day SMA is recorded $280.39, while a 200-day SMA reached $257.96. Nevertheless, trading volume fell to 0.76 million shares from 1.31 million shares the previous day.
Support And Resistance Levels for Chubb Limited (CB)
According to the 24-hour chart, there is a support level at 287.18, which, if violated, would cause prices to drop to 285.82. In the upper region, resistance lies at 290.94. The next price resistance is at 293.34. RSI (Relative Strength Index) is 53.75 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.34, which suggests the price will decrease in the coming days. Percent R is at 61.26%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
