CNO Financial Group Inc’s recently made public that its Chief Operations Officer Linnenbringer Jeanne L. unloaded Company’s shares for reported $0.19 million on Sep 03 ’24. In the deal valued at $34.88 per share,5,364 shares were sold. As a result of this transaction, Linnenbringer Jeanne L. now holds 44,884 shares worth roughly $1.79 million.
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Then, Linnenbringer Jeanne L. sold 5,435 shares, generating $186,192 in total proceeds. Upon selling the shares at $34.26, the Chief Operations Officer now owns 37,663 shares.
Before that, Linnenbringer Jeanne L. sold 1,786 shares. CNO Financial Group Inc shares valued at $61,817 were divested by the Chief Operations Officer at a price of $34.61 per share. As a result of the transaction, Linnenbringer Jeanne L. now holds 43,098 shares, worth roughly $1.72 million.
Piper Sandler upgraded its CNO Financial Group Inc [CNO] rating to an Overweight from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who decreased its forecast for the stock in early January from “an In-line” to “an Underperform”. RBC Capital Mkts started covering the stock on September 13, 2022. It rated CNO as “an Outperform”.
Price Performance Review of CNO
On Monday, CNO Financial Group Inc [NYSE:CNO] saw its stock jump 3.01% to $39.99. Over the last five days, the stock has gained 11.86%. CNO Financial Group Inc shares have risen nearly 43.33% since the year began. Nevertheless, the stocks have risen 64.91% over the past one year. While a 52-week high of $39.81 was reached on 11/11/24, a 52-week low of $24.14 was recorded on 04/11/24. SMA at 50 days reached $34.99, while 200 days put it at $30.01.
Levels Of Support And Resistance For CNO Stock
The 24-hour chart illustrates a support level at 39.48, which if violated will result in even more drops to 38.98. On the upside, there is a resistance level at 40.35. A further resistance level may holdings at 40.72. The Relative Strength Index (RSI) on the 14-day chart is 71.01, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.85, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.60%. Stochastics %K at 85.49% indicates the stock is a selling.
How much short interest is there in CNO Financial Group Inc?
A steep rise in short interest was recorded in CNO Financial Group Inc stocks on 2024-10-15, growing by 37217.0 shares to a total of 1.77 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.73 million shares. There was a rise of 2.1%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on January 26, 2022 when Jefferies began covering the stock and recommended ‘”a Hold”‘ rating along with a $25 price target.
