Unum Group’s recent filing unveils that its President and CEO McKenney Richard P unloaded Company’s shares for reported $3.73 million on Sep 05 ’24. In the deal valued at $54.98 per share,67,795 shares were sold. As a result of this transaction, McKenney Richard P now holds 1,065,868 shares worth roughly $67.55 million.
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Then, McKenney Richard P bought 67,795 shares, generating $3,767,368 in total proceeds.
Before that, Pyne Christopher W sold 2,250 shares. Unum Group shares valued at $123,008 were divested by the EVP, Group Benefits at a price of $54.67 per share. As a result of the transaction, Pyne Christopher W now holds 54,012 shares, worth roughly $3.42 million.
Barclays initiated its Unum Group [UNM] rating to an Overweight in a research note published on September 05, 2024; the price target was $73. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who began to cover the stock in mid July with a ‘”an Overweight”‘ rating. JP Morgan also remained covering UNM and has increased its forecast on January 03, 2024 with a “an Overweight” recommendation from previously “Neutral” rating. Wells Fargo started covering the stock on April 25, 2023. It rated UNM as “an Overweight”.
Price Performance Review of UNM
On Monday, Unum Group [NYSE:UNM] saw its stock fall -0.38% to $63.38. Over the last five days, the stock has gained 0.65%. Unum Group shares have risen nearly 40.16% since the year began. Nevertheless, the stocks have risen 25.65% over the past one year. While a 52-week high of $64.52 was reached on 10/17/24, a 52-week low of $41.75 was recorded on 01/17/24. SMA at 50 days reached $57.37, while 200 days put it at $52.49.
Levels Of Support And Resistance For UNM Stock
The 24-hour chart illustrates a support level at 63.10, which if violated will result in even more drops to 62.82. On the upside, there is a resistance level at 63.76. A further resistance level may holdings at 64.14. The Relative Strength Index (RSI) on the 14-day chart is 70.69, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.66, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 19.45%. Stochastics %K at 87.03% indicates the stock is a selling.
How much short interest is there in Unum Group?
A steep rise in short interest was recorded in Unum Group stocks on 2024-09-30, dropping by -0.7 million shares to a total of 3.19 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 3.89 million shares. There was a decline of -21.89%, which implies that there is a negative sentiment for the stock.
