In a filing, Unum Group revealed its SVP, Chief Accounting Officer Rice Walter Lynn JR unloaded Company’s shares for reported $0.1 million on Nov 07 ’24. In the deal valued at $69.56 per share,1,500 shares were sold. As a result of this transaction, Rice Walter Lynn JR now holds 8,361 shares worth roughly $0.59 million.
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Then, Pyne Christopher W sold 3,250 shares, generating $227,566 in total proceeds. Upon selling the shares at $70.02, the EVP, Group Benefits now owns 50,762 shares.
Before that, Zabel Steven Andrew bought 7,300 shares. Unum Group shares valued at $506,037 were divested by the Officer at a price of $69.32 per share.
Barclays initiated its Unum Group [UNM] rating to an Overweight in a research note published on September 05, 2024; the price target was $73. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who began to cover the stock in mid July with a ‘”an Overweight”‘ rating. JP Morgan also remained covering UNM and has increased its forecast on January 03, 2024 with a “an Overweight” recommendation from previously “Neutral” rating. Wells Fargo started covering the stock on April 25, 2023. It rated UNM as “an Overweight”.
Price Performance Review of UNM
On Monday, Unum Group [NYSE:UNM] saw its stock jump 1.15% to $70.22. Over the last five days, the stock has gained 9.58%. Unum Group shares have risen nearly 55.29% since the year began. Nevertheless, the stocks have risen 61.87% over the past one year. While a 52-week high of $70.40 was reached on 11/11/24, a 52-week low of $41.86 was recorded on 01/17/24. SMA at 50 days reached $60.55, while 200 days put it at $53.92.
Levels Of Support And Resistance For UNM Stock
The 24-hour chart illustrates a support level at 69.74, which if violated will result in even more drops to 69.26. On the upside, there is a resistance level at 71.06. A further resistance level may holdings at 71.90. The Relative Strength Index (RSI) on the 14-day chart is 78.06, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.47, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.94%. Stochastics %K at 88.53% indicates the stock is a selling.
How much short interest is there in Unum Group?
A steep rise in short interest was recorded in Unum Group stocks on 2024-10-15, dropping by -2.29 million shares to a total of 1.94 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 4.23 million shares. There was a decline of -118.24%, which implies that there is a negative sentiment for the stock.
