Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Cigna Group shares valued at $922,152 were sold by DeLaney William J III on Aug 19 ’24. At $342.68 per share, DeLaney William J III sold 2,691 shares. The insider’s holdings dropped to 17,539 shares worth approximately $5.79 million 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, DeLaney William J III purchased 2,691 shares, netting a total of over 922,152 in proceeds.
Before that, Jones Nicole S had sold 22,030 shares from its account. In a trade valued at $7,291,049, the insider traded Cigna Group shares for $330.96 each. Upon closing the transaction, the insider’s holdings decreased to 22,030 shares, worth approximately $8.12 million.
As published in their initiating research note from Piper Sandler on June 26, 2024, Cigna Group [CI] has been an Overweight and the price target has been revised to $400. Analysts at Robert W. Baird started covering the stock with ‘”an Outperform”‘ outlook in a report released in late May. As of March 06, 2024, Barclays has initiated its “an Overweight” rating for CI. Earlier on February 05, 2024, RBC Capital Mkts upgraded its rating. Their new recommendation was “an Outperform” for CI stock which previously was a “a Sector perform”.
Analyzing CI Stock Performance
During the last five days, there has been a surge of approximately 1.91%. Over the course of the year, Cigna Group shares have jumped approximately 10.23%. Shares of the company reached a 52-week high of $370.83 on 09/16/24 and a 52-week low of $291.44 on 01/25/24. A 50-day SMA is recorded $336.10, while a 200-day SMA reached $341.81. Nevertheless, trading volume fell to 1.52 million shares from 1.53 million shares the previous day.
Support And Resistance Levels for Cigna Group (CI)
According to the 24-hour chart, there is a support level at 324.50, which, if violated, would cause prices to drop to 318.92. In the upper region, resistance lies at 333.36. The next price resistance is at 336.64. RSI (Relative Strength Index) is 52.30 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.75, which suggests the price will decrease in the coming days. Percent R is at 44.96%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
