Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Travelers Companies Inc. shares valued at $455,500 were sold by HEYMAN WILLIAM H on Aug 30 ’24. At $227.75 per share, HEYMAN WILLIAM H sold 2,000 shares. The insider’s holdings dropped to 250,384 shares worth approximately $66.31 million following the completion of this transaction.
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Also, HEYMAN WILLIAM H purchased 2,000 shares, netting a total of over 455,500 in proceeds.
Before that, OLIVO MARIA had sold 15,000 shares from its account. In a trade valued at $3,396,704, the EVP, Strat Dev & Pres Intl traded Travelers Companies Inc. shares for $226.45 each. Upon closing the transaction, the insider’s holdings decreased to 15,000 shares, worth approximately $29.44 million.
As published in their initiating research note from Barclays on September 05, 2024, Travelers Companies Inc. [TRV] has been an Overweight and the price target has been revised to $286. Analysts at TD Cowen downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in mid July. As of June 28, 2024, William Blair has decreased its “an Outperform” rating to a “Mkt perform” for TRV. Earlier on June 28, 2024, Citigroup downgraded its rating. Their new recommendation was “a Sell” for TRV stock which previously was a “a Neutral”.
Analyzing TRV Stock Performance
During the last five days, there has been a surge of approximately 13.56%. Over the course of the year, Travelers Companies Inc. shares have jumped approximately 39.02%. Shares of the company reached a 52-week high of $265.19 on 10/17/24 and a 52-week low of $189.87 on 01/09/24. A 50-day SMA is recorded $230.48, while a 200-day SMA reached $217.89. Nevertheless, trading volume fell to 2.83 million shares from 0.97 million shares the previous day.
Support And Resistance Levels for Travelers Companies Inc. (TRV)
According to the 24-hour chart, there is a support level at 256.77, which, if violated, would cause prices to drop to 248.72. In the upper region, resistance lies at 269.03. The next price resistance is at 273.24. RSI (Relative Strength Index) is 78.55 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 12.40, which suggests the price will increase in the coming days. Percent R is at 0.91%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
