Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Unum Group shares valued at $320,800 were purchased by Ahmed Elizabeth Claire on Oct 31 ’24. At $64.16 per share, Ahmed Elizabeth Claire acquired 5,000 shares.
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Also, McKenney Richard P sold 67,795 shares, netting a total of over 3,727,206 in proceeds. Following the sale of shares at $54.98 each, the insider now holds 1,065,868 shares.
Before that, McKenney Richard P had added 67,795 shares to its account. In a trade valued at $3,767,368, the Officer bought Unum Group shares for $55.57 each.
As published in their initiating research note from Barclays on September 05, 2024, Unum Group [UNM] has been an Overweight and the price target has been revised to $73. Analysts at Piper Sandler started covering the stock with ‘”an Overweight”‘ outlook in a report released in mid July. As of January 03, 2024, JP Morgan has increased its “Neutral” rating to a “an Overweight” for UNM. Earlier on April 25, 2023, Wells Fargo initiated its rating. Their recommendation was “an Overweight” for UNM stock.
Analyzing UNM Stock Performance
During the last five days, there has been a surge of approximately 1.33%. Over the course of the year, Unum Group shares have jumped approximately 41.93%. Shares of the company reached a 52-week high of $64.91 on 10/30/24 and a 52-week low of $44.83 on 01/17/24. A 50-day SMA is recorded $58.78, while a 200-day SMA reached $53.20. Nevertheless, trading volume fell to 1.61 million shares from 3.45 million shares the previous day.
Support And Resistance Levels for Unum Group (UNM)
According to the 24-hour chart, there is a support level at 63.81, which, if violated, would cause prices to drop to 63.43. In the upper region, resistance lies at 64.70. The next price resistance is at 65.22. RSI (Relative Strength Index) is 66.05 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.19, which suggests the price will decrease in the coming days. Percent R is at 20.62%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
