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CNO stock rated an Overweight by Piper Sandler

CNO Financial Group Inc’s recently made public that its Officer JOHNSON ERIC R acquired Company’s shares for reported $0.16 million on Nov 18 ’24. In the deal valued at $39.09 per share,3,978 shares were bought.

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Then, JOHNSON ERIC R sold 30,704 shares, generating $1,221,212 in total proceeds. Upon selling the shares at $39.77, the Chief Investment Officer now owns 635,822 shares.

Before that, Williams Jeremy David sold 4,783 shares. CNO Financial Group Inc shares valued at $191,748 were divested by the Chief Actuary at a price of $40.09 per share. As a result of the transaction, Williams Jeremy David now holds 62,121 shares, worth roughly $2.42 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 unchanged to $38.95. Over the last five days, the stock has lost -2.60%. CNO Financial Group Inc shares have risen nearly 39.61% since the year began. Nevertheless, the stocks have risen 55.18% over the past one year. While a 52-week high of $40.29 was reached on 11/12/24, a 52-week low of $24.92 was recorded on 04/11/24. SMA at 50 days reached $35.53, while 200 days put it at $30.31.

Levels Of Support And Resistance For CNO Stock

The 24-hour chart illustrates a support level at 38.81, which if violated will result in even more drops to 38.68. On the upside, there is a resistance level at 39.15. A further resistance level may holdings at 39.36. The Relative Strength Index (RSI) on the 14-day chart is 63.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.14, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 22.60%. Stochastics %K at 77.97% indicates the stock is a holding.

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 2024-10-31, dropping by -0.21 million shares to a total of 1.94 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 2.15 million shares. There was a decline of -10.95%, which implies that there is a negative 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.

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