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. Travelers Companies Inc shares valued at $1,145,644 were sold by BESSETTE ANDY F on Oct 28 ’24. At $253.46 per share, BESSETTE ANDY F sold 4,520 shares. The insider’s holdings dropped to 16,976 shares worth approximately $4.18 million following the completion of this transaction.
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Also, BESSETTE ANDY F purchased 4,520 shares, netting a total of over 1,145,645 in proceeds.
Before that, HEYMAN WILLIAM H had sold 2,014 shares from its account. In a trade valued at $523,640, the Vice Chairman traded Travelers Companies Inc shares for $260.00 each. Upon closing the transaction, the insider’s holdings decreased to 2,014 shares, worth approximately $61.58 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 drop of approximately -4.09%. Over the course of the year, Travelers Companies Inc shares have jumped approximately 29.11%. Shares of the company reached a 52-week high of $269.55 on 10/18/24 and a 52-week low of $189.87 on 01/09/24. A 50-day SMA is recorded $238.50, while a 200-day SMA reached $220.93. Nevertheless, trading volume fell to 1.3 million shares from 1.09 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 244.31, which, if violated, would cause prices to drop to 242.67. In the upper region, resistance lies at 249.01. The next price resistance is at 252.07. RSI (Relative Strength Index) is 50.63 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.23, which suggests the price will decrease in the coming days. Percent R is at 68.34%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
