Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Travelers Companies Inc shares valued at $2,725,345 were sold by OLIVO MARIA on Nov 18 ’24. At $261.80 per share, OLIVO MARIA sold 10,410 shares. The insider’s holdings dropped to 111,162 shares worth approximately $28.99 million following the completion of this transaction.
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Also, HEYMAN WILLIAM H sold 5,000 shares, netting a total of over 1,300,000 in proceeds. Following the sale of shares at $260.00 each, the insider now holds 250,384 shares.
Before that, HEYMAN WILLIAM H had sold 1,000 shares from its account. In a trade valued at $262,000, the Vice Chairman traded Travelers Companies Inc shares for $262.00 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $65.3 million.
As published in a research note from Janney on November 21, 2024, Travelers Companies Inc [TRV] has been rated down from a Buy to a Neutral and the price target has been revised to $280. Analysts at Barclays started covering the stock with ‘”an Overweight”‘ outlook in a report released in early September. As of July 15, 2024, TD Cowen has decreased its “Buy” rating to a “Hold” for TRV. Earlier on June 28, 2024, William Blair downgraded its rating. Their new recommendation was “a Mkt perform” for TRV stock which previously was a “an Outperform”.
Analyzing TRV Stock Performance
During the last five days, there has been a surge of approximately 1.67%. Over the course of the year, Travelers Companies Inc shares have jumped approximately 36.92%. Shares of the company reached a 52-week high of $269.55 on 10/18/24 and a 52-week low of $189.87 on 01/09/24. A 50-day SMA is recorded $246.32, while a 200-day SMA reached $224.20. Nevertheless, trading volume fell to 1.29 million shares from 1.19 million shares the previous day.
Support And Resistance Levels for Travelers Companies Inc (TRV)
According to the 24-hour chart, there is a support level at 256.55, which, if violated, would cause prices to drop to 252.29. In the upper region, resistance lies at 263.61. The next price resistance is at 266.41. RSI (Relative Strength Index) is 60.81 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.30, which suggests the price will increase in the coming days. Percent R is at 10.19%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
