The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. CNO Financial Group Inc shares valued at $187,113 were sold by Linnenbringer Jeanne L. on Sep 03 ’24. At $34.88 per share, Linnenbringer Jeanne L. sold 5,364 shares. The insider’s holdings dropped to 44,884 shares worth approximately $1.54 million following the completion of this transaction.
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Also, Linnenbringer Jeanne L. sold 5,435 shares, netting a total of over 186,192 in proceeds. Following the sale of shares at $34.26 each, the insider now holds 37,663 shares.
Before that, Linnenbringer Jeanne L. had sold 1,786 shares from its account. In a trade valued at $61,817, the Chief Operations Officer traded CNO Financial Group Inc shares for $34.61 each. Upon closing the transaction, the insider’s holdings decreased to 1,786 shares, worth approximately $1.48 million.
As published in a research note from Piper Sandler on April 16, 2024, CNO Financial Group Inc [CNO] has been rated up from a Neutral to an Overweight and the price target has been revised to $29. Analysts at Evercore ISI downgraded the stock from ‘”an In-line”‘ to ‘”an Underperform”‘ outlook in a report released in early January. Earlier on September 13, 2022, RBC Capital Mkts initiated its rating. Their recommendation was “an Outperform” for CNO stock.
Analyzing CNO Stock Performance
During the last five days, there has been a drop of approximately -1.23%. Over the course of the year, CNO Financial Group Inc shares have jumped approximately 23.30%. Shares of the company reached a 52-week high of $36.65 on 10/17/24 and a 52-week low of $24.92 on 04/11/24. A 50-day SMA is recorded $34.46, while a 200-day SMA reached $29.65. Nevertheless, trading volume fell to 0.76 million shares from 0.33 million shares the previous day.
Support And Resistance Levels for CNO Financial Group Inc (CNO)
According to the 24-hour chart, there is a support level at 34.16, which, if violated, would cause prices to drop to 33.93. In the upper region, resistance lies at 34.83. The next price resistance is at 35.27. RSI (Relative Strength Index) is 46.36 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.54, which suggests the price will decrease in the coming days. Percent R is at 88.24%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
