Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Unum Group shares valued at $769,199 were sold by Arnold Timothy Gerald on Nov 27 ’24. At $76.92 per share, Arnold Timothy Gerald sold 10,000 shares. The insider’s holdings dropped to 54,827 shares worth approximately $4.17 million following the completion of this transaction.
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Also, Arnold Timothy Gerald purchased 10,000 shares, netting a total of over 769,199 in proceeds.
Before that, McKenney Richard P had sold 58,865 shares from its account. In a trade valued at $4,438,106, the President and CEO traded Unum Group shares for $75.39 each. Upon closing the transaction, the insider’s holdings decreased to 58,865 shares, worth approximately $76.63 million.
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 drop of approximately -1.26%. Over the course of the year, Unum Group shares have jumped approximately 68.29%. Shares of the company reached a 52-week high of $77.63 on 11/29/24 and a 52-week low of $44.83 on 01/17/24. A 50-day SMA is recorded $66.94, while a 200-day SMA reached $56.18. Nevertheless, trading volume fell to 1.22 million shares from 12467.0 shares the previous day.
Support And Resistance Levels for Unum Group (UNM)
According to the 24-hour chart, there is a support level at 75.74, which, if violated, would cause prices to drop to 75.37. In the upper region, resistance lies at 76.47. The next price resistance is at 76.85. RSI (Relative Strength Index) is 73.61 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.77, which suggests the price will decrease in the coming days. Percent R is at 23.15%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
