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 $279,728 were purchased by HEYMAN WILLIAM H on Nov 06 ’24. At $140.85 per share, HEYMAN WILLIAM H acquired 1,986 shares.
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Also, BESSETTE ANDY F sold 4,520 shares, netting a total of over 1,145,644 in proceeds. Following the sale of shares at $253.46 each, the insider now holds 16,976 shares.
Before that, BESSETTE ANDY F had added 4,520 shares to its account. In a trade valued at $1,145,645, the Officer bought Travelers Companies Inc shares for $253.46 each.
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 surge of approximately 2.58%. Over the course of the year, Travelers Companies Inc shares have jumped approximately 32.44%. 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 $241.08, while a 200-day SMA reached $221.90. Nevertheless, trading volume fell to 1.7 million shares from 1.35 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 250.42, which, if violated, would cause prices to drop to 248.56. In the upper region, resistance lies at 254.16. The next price resistance is at 256.05. RSI (Relative Strength Index) is 57.04 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.06, which suggests the price will decrease in the coming days. Percent R is at 58.39%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
