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Metlife Inc (MET) receives a Buy rating from TD Cowen

Metlife Inc’s recently made public that its Affiliate Separate Account 149 acquired Company’s shares for reported $2189.0 on Sep 20 ’24. In the deal valued at $81.09 per share,27 shares were bought.

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Then, MetLife Separate Account SPI bought 370 shares, generating $30,003 in total proceeds.

Before that, Separate Account II bought 142 shares. Metlife Inc shares valued at $11,515 were divested by the Affiliate at a price of $81.09 per share.

TD Cowen initiated its Metlife Inc [MET] rating to a Buy in a research note published on October 09, 2024; the price target was $97. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in early September with a ‘”an Overweight”‘ rating. Goldman also remained covering MET and has increased its forecast on January 08, 2024 with a “Buy” recommendation from previously “Neutral” rating.

Price Performance Review of MET

On Tuesday, Metlife Inc [NYSE:MET] saw its stock fall -0.26% to $85.66. Over the last five days, the stock has gained 2.86%. Metlife Inc shares have risen nearly 29.53% since the year began. Nevertheless, the stocks have risen 38.03% over the past one year. While a 52-week high of $85.97 was reached on 10/15/24, a 52-week low of $57.91 was recorded on 02/05/24. SMA at 50 days reached $77.38, while 200 days put it at $72.59.

Levels Of Support And Resistance For MET Stock

The 24-hour chart illustrates a support level at 85.15, which if violated will result in even more drops to 84.63. On the upside, there is a resistance level at 86.56. A further resistance level may holdings at 87.46. The Relative Strength Index (RSI) on the 14-day chart is 70.70, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.31, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 19.81%. Stochastics %K at 90.30% indicates the stock is a selling.

How much short interest is there in Metlife Inc?

A steep rise in short interest was recorded in Metlife Inc stocks on 2024-09-30, growing by 0.14 million shares to a total of 7.46 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 7.33 million shares. There was a rise of 1.83%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on October 05, 2023 when Deutsche Bank began covering the stock and recommended ‘”a Hold”‘ rating along with a $71 price target.

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