Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. CNO Financial Group Inc shares valued at $155,492 were sold by JOHNSON ERIC R on Nov 18 ’24. At $39.09 per share, JOHNSON ERIC R sold 3,978 shares. The insider’s holdings dropped to 631,844 shares worth approximately $25.37 million following the completion of this transaction.
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Also, JOHNSON ERIC R purchased 3,978 shares, netting a total of over 155,500 in proceeds.
Before that, JOHNSON ERIC R had sold 30,704 shares from its account. In a trade valued at $1,221,212, the Chief Investment Officer traded CNO Financial Group Inc shares for $39.77 each. Upon closing the transaction, the insider’s holdings decreased to 30,704 shares, worth approximately $25.53 million.
As published in a research note from Piper Sandler on April 16, 2024, CNO Financial Group Inc [CNO] has been rated up from a Neutral to an Overweight and the price target has been revised to $29. Analysts at Evercore ISI downgraded the stock from ‘”an In-line”‘ to ‘”an Underperform”‘ outlook in a report released in early January. Earlier on September 13, 2022, RBC Capital Mkts initiated its rating. Their recommendation was “an Outperform” for CNO stock.
Analyzing CNO Stock Performance
During the last five days, there has been a surge of approximately 3.43%. Over the course of the year, CNO Financial Group Inc shares have jumped approximately 43.94%. Shares of the company reached a 52-week high of $40.91 on 11/27/24 and a 52-week low of $24.92 on 04/11/24. A 50-day SMA is recorded $36.42, while a 200-day SMA reached $30.76. Nevertheless, trading volume fell to 0.33 million shares from 1.02 million shares the previous day.
Support And Resistance Levels for CNO Financial Group Inc (CNO)
According to the 24-hour chart, there is a support level at 39.84, which, if violated, would cause prices to drop to 39.51. In the upper region, resistance lies at 40.70. The next price resistance is at 41.23. RSI (Relative Strength Index) is 66.88 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.85, which suggests the price will decrease in the coming days. Percent R is at 29.18%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
