The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Unum Group shares valued at $4,438,106 were purchased by McKenney Richard P on Nov 21 ’24. At $75.39 per share, McKenney Richard P acquired 58,865 shares.
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Also, LARSON GLORIA C purchased 10,000 shares, netting a total of over 745,000 in proceeds.
Before that, IGLESIAS LISA G had added 5,000 shares to its account. In a trade valued at $363,050, the Officer bought Unum Group shares for $72.61 each.
As published in a research note from Evercore ISI on November 14, 2024, Unum Group [UNM] has been rated up from an In-line to an Outperform and the price target has been revised to $84 from $67. Analysts at Barclays started covering the stock with ‘”an Overweight”‘ outlook in a report released in early September. As of July 11, 2024, Piper Sandler has initiated its “an Overweight” rating for UNM. Earlier on January 03, 2024, JP Morgan upgraded its rating. Their new recommendation was “an Overweight” for UNM stock which previously was a “a Neutral”.
Analyzing UNM Stock Performance
During the last five days, there has been a surge of approximately 4.42%. Over the course of the year, Unum Group shares have jumped approximately 66.81%. Shares of the company reached a 52-week high of $75.93 on 11/21/24 and a 52-week low of $44.83 on 01/17/24. A 50-day SMA is recorded $63.44, while a 200-day SMA reached $54.93. Nevertheless, trading volume fell to 2.06 million shares from 0.87 million shares the previous day.
Support And Resistance Levels for Unum Group (UNM)
According to the 24-hour chart, there is a support level at 74.38, which, if violated, would cause prices to drop to 73.32. In the upper region, resistance lies at 76.21. The next price resistance is at 76.98. RSI (Relative Strength Index) is 80.72 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.76, which suggests the price will increase in the coming days. Percent R is at 4.18%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
