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Checking in on Travelers Companies Inc (TRV) after recent insiders movement

In a filing, Travelers Companies Inc revealed its Officer HEYMAN WILLIAM H acquired Company’s shares for reported $0.77 million on Nov 08 ’24. In the deal valued at $256.00 per share,3,000 shares were bought.

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Then, HEYMAN WILLIAM H sold 1,986 shares, generating $510,358 in total proceeds. Upon selling the shares at $256.98, the Vice Chairman now owns 250,384 shares.

Before that, HEYMAN WILLIAM H bought 1,986 shares. Travelers Companies Inc shares valued at $279,728 were divested by the Officer at a price of $140.85 per share.

Barclays initiated its Travelers Companies Inc [TRV] rating to an Overweight in a research note published on September 05, 2024; the price target was $286. A number of analysts have revised their coverage, including TD Cowen’s analysts, who decreased its forecast for the stock in mid July from “a Buy” to “a Hold”. William Blair also remained covering TRV and has decreased its forecast on June 28, 2024 with a “Mkt perform” recommendation from previously “an Outperform” rating. Citigroup revised its rating on June 28, 2024. It rated TRV as “a Sell” which previously was an “a Neutral”.

Price Performance Review of TRV

On Monday, Travelers Companies Inc [NYSE:TRV] saw its stock jump 0.57% to $258.36. Over the last five days, the stock has gained 6.40%. Travelers Companies Inc shares have risen nearly 35.63% since the year began. Nevertheless, the stocks have risen 53.25% over the past one year. While a 52-week high of $269.55 was reached on 10/18/24, a 52-week low of $167.08 was recorded on 01/09/24. SMA at 50 days reached $242.30, while 200 days put it at $222.36.

Levels Of Support And Resistance For TRV Stock

The 24-hour chart illustrates a support level at 257.18, which if violated will result in even more drops to 255.99. On the upside, there is a resistance level at 259.80. A further resistance level may holdings at 261.23. The Relative Strength Index (RSI) on the 14-day chart is 62.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.69, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 9.79%. Stochastics %K at 70.08% indicates the stock is a holding.

How much short interest is there in Travelers Companies Inc?

A steep rise in short interest was recorded in Travelers Companies Inc stocks on 2024-10-15, dropping by -0.22 million shares to a total of 3.4 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 3.62 million shares. There was a decline of -6.62%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on January 10, 2024 when TD Cowen began covering the stock and recommended ‘”an Outperform”‘ rating along with a $247 price target.

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