Corebridge Financial Inc’s recently made public that its 10% Owner AMERICAN INTERNATIONAL GROUP, unloaded Company’s shares for reported $936.0 million on Nov 07 ’24. In the deal valued at $31.20 per share,30,000,000 shares were sold. As a result of this transaction, AMERICAN INTERNATIONAL GROUP, now holds 249,238,898 shares worth roughly $7.68 billion.
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Then, AMERICAN INTERNATIONAL GROUP, sold 5,000,000 shares, generating $144,300,000 in total proceeds. Upon selling the shares at $28.86, the 10% Owner now owns 279,238,898 shares.
Before that, American International Group, bought 5,000,000 shares. Corebridge Financial Inc shares valued at $135,900,000 were divested by the 10% Owner at a price of $27.18 per share.
TD Cowen initiated its Corebridge Financial Inc [CRBG] rating to a Buy in a research note published on October 09, 2024; the price target was $35. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in early September with a ‘”an Equal weight”‘ rating. UBS started covering the stock on June 29, 2023. It rated CRBG as “a Buy”.
Price Performance Review of CRBG
On Monday, Corebridge Financial Inc [NYSE:CRBG] saw its stock jump 1.05% to $30.80. Over the last five days, the stock has lost -0.55%. Corebridge Financial Inc shares have risen nearly 42.20% since the year began. Nevertheless, the stocks have risen 58.27% over the past one year. While a 52-week high of $34.66 was reached on 05/16/24, a 52-week low of $19.26 was recorded on 01/02/24. SMA at 50 days reached $29.95, while 200 days put it at $28.30.
Levels Of Support And Resistance For CRBG Stock
The 24-hour chart illustrates a support level at 30.49, which if violated will result in even more drops to 30.19. On the upside, there is a resistance level at 31.05. A further resistance level may holdings at 31.31. The Relative Strength Index (RSI) on the 14-day chart is 49.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.63, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.50%. Stochastics %K at 19.58% indicates the stock is a buying.
How much short interest is there in Corebridge Financial Inc?
A steep rise in short interest was recorded in Corebridge Financial Inc stocks on 2024-10-31, dropping by 69753.0 shares to a total of 8.86 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 8.93 million shares. There was a decline of -0.79%, which implies that there is a negative sentiment for the stock.
