Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Corebridge Financial Inc shares valued at $936,000,000 were sold by AMERICAN INTERNATIONAL GROUP, on Nov 07 ’24. At $31.20 per share, AMERICAN INTERNATIONAL GROUP, sold 30,000,000 shares. The insider’s holdings dropped to 249,238,898 shares worth approximately $7.61 billion following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, AMERICAN INTERNATIONAL GROUP, sold 5,000,000 shares, netting a total of over 144,300,000 in proceeds. Following the sale of shares at $28.86 each, the insider now holds 279,238,898 shares.
Before that, American International Group, had added 5,000,000 shares to its account. In a trade valued at $135,900,000, the 10% Owner bought Corebridge Financial Inc shares for $27.18 each.
As published in their initiating research note from TD Cowen on October 09, 2024, Corebridge Financial Inc [CRBG] has been a Buy and the price target has been revised to $35. Analysts at Barclays started covering the stock with ‘”an Equal weight”‘ outlook in a report released in early September. Earlier on June 29, 2023, UBS initiated its rating. Their recommendation was “a Buy” for CRBG stock.
Analyzing CRBG Stock Performance
During the last five days, there has been a drop of approximately -4.14%. Over the course of the year, Corebridge Financial Inc shares have jumped approximately 40.95%. Shares of the company reached a 52-week high of $34.66 on 05/16/24 and a 52-week low of $21.58 on 01/02/24. A 50-day SMA is recorded $29.80, while a 200-day SMA reached $28.23. Nevertheless, trading volume fell to 3.6 million shares from 4.8 million shares the previous day.
Support And Resistance Levels for Corebridge Financial Inc (CRBG)
According to the 24-hour chart, there is a support level at 30.22, which, if violated, would cause prices to drop to 29.91. In the upper region, resistance lies at 30.95. The next price resistance is at 31.37. RSI (Relative Strength Index) is 47.49 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.77, which suggests the price will decrease in the coming days. Percent R is at 82.25%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
