In a filing, Travelers Companies Inc. revealed its Vice Chairman HEYMAN WILLIAM H unloaded 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 sold. As a result of this transaction, HEYMAN WILLIAM H now holds 250,384 shares worth roughly $56.58 million.
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Then, HEYMAN WILLIAM H bought 2,000 shares, generating $455,500 in total proceeds.
Before that, OLIVO MARIA sold 15,000 shares. Travelers Companies Inc. shares valued at $3,396,704 were divested by the EVP, Strat Dev & Pres Intl at a price of $226.45 per share. As a result of the transaction, OLIVO MARIA now holds 111,162 shares, worth roughly $25.12 million.
Barclays initiated its Travelers Companies Inc. [TRV] rating to an Overweight in a research note published on September 05, 2024; the price target was $286. A number of analysts have revised their coverage, including TD Cowen’s analysts, who decreased its forecast for the stock in mid July from “a Buy” to “a Hold”. William Blair also remained covering TRV and has decreased its forecast on June 28, 2024 with a “Mkt perform” recommendation from previously “an Outperform” rating. Citigroup revised its rating on June 28, 2024. It rated TRV as “a Sell” which previously was an “a Neutral”.
Price Performance Review of TRV
On Monday, Travelers Companies Inc. [NYSE:TRV] saw its stock fall -4.34% to $225.97. Over the last five days, the stock has lost -3.48%. Travelers Companies Inc. shares have risen nearly 18.63% since the year began. Nevertheless, the stocks have risen 37.89% over the past one year. While a 52-week high of $243.48 was reached on 09/17/24, a 52-week low of $157.33 was recorded on 01/09/24. SMA at 50 days reached $226.15, while 200 days put it at $215.80.
Levels Of Support And Resistance For TRV Stock
The 24-hour chart illustrates a support level at 221.97, which if violated will result in even more drops to 217.98. On the upside, there is a resistance level at 232.61. A further resistance level may holdings at 239.26. The Relative Strength Index (RSI) on the 14-day chart is 39.61, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.99, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.54%. Stochastics %K at 21.84% indicates the stock is a holding.
How much short interest is there in Travelers Companies Inc.?
A steep rise in short interest was recorded in Travelers Companies Inc. stocks on 2024-09-13, growing by 0.52 million shares to a total of 3.62 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 3.11 million shares. There was a rise of 14.25%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on January 10, 2024 when TD Cowen began covering the stock and recommended ‘”an Outperform”‘ rating along with a $247 price target.
