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A company insider recently sold 550 shares of Assurant Inc [AIZ]. Should You Sale?

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Assurant Inc shares valued at $103,639 were sold by DiRienzo Dimitry on Aug 19 ’24. At $188.44 per share, DiRienzo Dimitry sold 550 shares. The insider’s holdings dropped to 3,152 shares worth approximately $0.65 million following the completion of this transaction.

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Also, DIMITRY DIRIENZO purchased 550 shares, netting a total of over 103,639 in proceeds.

Before that, THE DENHAM STEIN FAMILY FOUNDA had added 3,000 shares to its account. In a trade valued at $557,882, the Former Board Member bought Assurant Inc shares for $185.96 each.

As published in a research note from Piper Sandler on August 22, 2024, Assurant Inc [AIZ] has been rated down from an Overweight to a Neutral and the price target has been revised to $200. Analysts at Keefe Bruyette downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in mid February. As of June 13, 2023, Piper Sandler has increased its “Neutral” rating to a “an Overweight” for AIZ. Earlier on March 21, 2023, Keefe Bruyette upgraded its rating. Their new recommendation was “an Outperform” for AIZ stock which previously was a “a Mkt perform”.

Analyzing AIZ Stock Performance

During the last five days, there has been a surge of approximately 5.79%. Over the course of the year, Assurant Inc shares have jumped approximately 22.48%. Shares of the company reached a 52-week high of $207.24 on 11/06/24 and a 52-week low of $160.12 on 07/08/24. A 50-day SMA is recorded $194.66, while a 200-day SMA reached $179.80. Nevertheless, trading volume fell to 0.69 million shares from 0.39 million shares the previous day.

Support And Resistance Levels for Assurant Inc (AIZ)

According to the 24-hour chart, there is a support level at 198.42, which, if violated, would cause prices to drop to 190.47. In the upper region, resistance lies at 210.78. The next price resistance is at 215.19. RSI (Relative Strength Index) is 68.91 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.40, which suggests the price will increase in the coming days. Percent R is at 4.85%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.

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