Corebridge Financial Inc’s filing revealed that its 10% Owner AMERICAN INTERNATIONAL GROUP, unloaded Company’s shares for reported $144.3 million on Sep 16 ’24. In the deal valued at $28.86 per share,5,000,000 shares were sold. As a result of this transaction, AMERICAN INTERNATIONAL GROUP, now holds 279,238,898 shares worth roughly $8.81 billion.
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Then, American International Group, bought 5,000,000 shares, generating $135,900,000 in total proceeds.
Before that, AMERICAN INTERNATIONAL GROUP, sold 8,032,129 shares. Corebridge Financial Inc shares valued at $200,000,012 were divested by the 10% Owner at a price of $24.90 per share. As a result of the transaction, AMERICAN INTERNATIONAL GROUP, now holds 284,238,898 shares, worth roughly $8.97 billion.
TD Cowen initiated its Corebridge Financial Inc [CRBG] rating to a Buy in a research note published on October 09, 2024; the price target was $35. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in early September with a ‘”an Equal weight”‘ rating. UBS started covering the stock on June 29, 2023. It rated CRBG as “a Buy”.
Price Performance Review of CRBG
On Monday, Corebridge Financial Inc [NYSE:CRBG] saw its stock fall -0.22% to $31.55. Over the last five days, the stock has lost -1.50%. Corebridge Financial Inc shares have risen nearly 45.66% since the year began. Nevertheless, the stocks have risen 54.29% over the past one year. While a 52-week high of $34.66 was reached on 05/16/24, a 52-week low of $18.75 was recorded on 01/02/24. SMA at 50 days reached $29.42, while 200 days put it at $27.97.
Levels Of Support And Resistance For CRBG Stock
The 24-hour chart illustrates a support level at 31.20, which if violated will result in even more drops to 30.86. On the upside, there is a resistance level at 32.01. A further resistance level may holdings at 32.48. The Relative Strength Index (RSI) on the 14-day chart is 60.76, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.13%. Stochastics %K at 52.50% indicates the stock is a holding.
How much short interest is there in Corebridge Financial Inc?
A steep rise in short interest was recorded in Corebridge Financial Inc stocks on 2024-10-15, growing by 2.46 million shares to a total of 9.8 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 7.34 million shares. There was a rise of 25.08%, which implies that there is a positive sentiment for the stock.
