Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Unum Group shares valued at $104,346 were purchased by Rice Walter Lynn JR on Nov 07 ’24. At $69.56 per share, Rice Walter Lynn JR acquired 1,500 shares.
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Also, Pyne Christopher W purchased 3,250 shares, netting a total of over 227,564 in proceeds.
Before that, Ahmed Elizabeth Claire had sold 5,000 shares from its account. In a trade valued at $320,800, the EVP, People & Communications traded Unum Group shares for $64.16 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $4.07 million.
As published in their initiating research note from Barclays on September 05, 2024, Unum Group [UNM] has been an Overweight and the price target has been revised to $73. Analysts at Piper Sandler started covering the stock with ‘”an Overweight”‘ outlook in a report released in mid July. As of January 03, 2024, JP Morgan has increased its “Neutral” rating to a “an Overweight” for UNM. Earlier on April 25, 2023, Wells Fargo initiated its rating. Their recommendation was “an Overweight” for UNM stock.
Analyzing UNM Stock Performance
During the last five days, there has been a surge of approximately 8.07%. Over the course of the year, Unum Group shares have jumped approximately 53.38%. Shares of the company reached a 52-week high of $70.40 on 11/06/24 and a 52-week low of $44.83 on 01/17/24. A 50-day SMA is recorded $59.97, while a 200-day SMA reached $53.70. Nevertheless, trading volume fell to 1.48 million shares from 2.4 million shares the previous day.
Support And Resistance Levels for Unum Group (UNM)
According to the 24-hour chart, there is a support level at 68.98, which, if violated, would cause prices to drop to 68.61. In the upper region, resistance lies at 69.77. The next price resistance is at 70.19. RSI (Relative Strength Index) is 76.34 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.87, which suggests the price will increase in the coming days. Percent R is at 11.57%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
