Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Selective Insurance Group Inc shares valued at $174,239 were purchased by Coaxum Wole C on Nov 04 ’24. At $91.56 per share, Coaxum Wole C acquired 1,903 shares.
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Also, Coaxum Wole C sold 1,903 shares, netting a total of over 174,239 in proceeds. Following the sale of shares at $91.56 each, the insider now holds 3,929 shares.
Before that, Harnett Anthony D. had added 1,404 shares to its account. In a trade valued at $130,031, the Officer bought Selective Insurance Group Inc shares for $92.61 each.
As published in a research note from BMO Capital Markets on October 30, 2024, Selective Insurance Group Inc [SIGI] has been rated up from a Market perform to an Outperform and the price target has been revised to $105 from $95. Analysts at Keefe Bruyette upgraded the stock from ‘”a Mkt perform”‘ to ‘”an Outperform”‘ outlook in a report released in late July. As of November 16, 2023, Oppenheimer has initiated its “an Outperform” rating for SIGI. Earlier on May 18, 2023, BofA Securities downgraded its rating. Their new recommendation was “an Underperform” for SIGI stock which previously was a “a Neutral”.
Analyzing SIGI Stock Performance
During the last five days, there has been a surge of approximately 7.72%. Over the course of the year, Selective Insurance Group Inc shares have dropped approximately -0.56%. Shares of the company reached a 52-week high of $109.58 on 03/28/24 and a 52-week low of $81.00 on 07/19/24. A 50-day SMA is recorded $92.37, while a 200-day SMA reached $96.13. Nevertheless, trading volume fell to 0.71 million shares from 0.31 million shares the previous day.
Support And Resistance Levels for Selective Insurance Group Inc (SIGI)
According to the 24-hour chart, there is a support level at 97.43, which, if violated, would cause prices to drop to 95.94. In the upper region, resistance lies at 100.33. The next price resistance is at 101.73. RSI (Relative Strength Index) is 63.81 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.91, which suggests the price will decrease in the coming days. Percent R is at 12.69%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
