CNO Financial Group Inc’s recent filing unveils that its Chief Operations Officer Linnenbringer Jeanne L. unloaded Company’s shares for reported $0.19 million on Sep 03 ’24. In the deal valued at $34.88 per share,5,364 shares were sold. As a result of this transaction, Linnenbringer Jeanne L. now holds 44,884 shares worth roughly $1.56 million.
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Then, Linnenbringer Jeanne L. sold 5,435 shares, generating $186,192 in total proceeds. Upon selling the shares at $34.26, the Chief Operations Officer now owns 37,663 shares.
Before that, Linnenbringer Jeanne L. sold 1,786 shares. CNO Financial Group Inc shares valued at $61,817 were divested by the Chief Operations Officer at a price of $34.61 per share. As a result of the transaction, Linnenbringer Jeanne L. now holds 43,098 shares, worth roughly $1.5 million.
Piper Sandler upgraded its CNO Financial Group Inc [CNO] rating to an Overweight from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who decreased its forecast for the stock in early January from “an In-line” to “an Underperform”. RBC Capital Mkts started covering the stock on September 13, 2022. It rated CNO as “an Outperform”.
Price Performance Review of CNO
On Monday, CNO Financial Group Inc [NYSE:CNO] saw its stock jump 1.40% to $34.75. Over the last five days, the stock has lost -1.36%. CNO Financial Group Inc shares have risen nearly 24.55% since the year began. Nevertheless, the stocks have risen 51.48% over the past one year. While a 52-week high of $36.65 was reached on 10/17/24, a 52-week low of $22.27 was recorded on 04/11/24. SMA at 50 days reached $34.35, while 200 days put it at $29.54.
Levels Of Support And Resistance For CNO Stock
The 24-hour chart illustrates a support level at 34.46, which if violated will result in even more drops to 34.17. On the upside, there is a resistance level at 35.03. A further resistance level may holdings at 35.32. The Relative Strength Index (RSI) on the 14-day chart is 49.58, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.60, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 69.34%. Stochastics %K at 26.27% indicates the stock is a holding.
How much short interest is there in CNO Financial Group Inc?
A steep rise in short interest was recorded in CNO Financial Group Inc stocks on 2024-10-15, growing by 37217.0 shares to a total of 1.77 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.73 million shares. There was a rise of 2.1%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on January 26, 2022 when Jefferies began covering the stock and recommended ‘”a Hold”‘ rating along with a $25 price target.
