Chubb Limited’s recently made public that its Chairman & CEO GREENBERG EVAN G unloaded Company’s shares for reported $8.78 million on Sep 09 ’24. In the deal valued at $289.60 per share,30,318 shares were sold. As a result of this transaction, GREENBERG EVAN G now holds 553,664 shares worth roughly $152.66 million.
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Then, GREENBERG EVAN G sold 30,537 shares, generating $8,771,753 in total proceeds. Upon selling the shares at $287.25, the Chairman & CEO now owns 583,982 shares.
Before that, GREENBERG EVAN G bought 50,958 shares. Chubb Limited shares valued at $14,629,364 were divested by the Officer at a price of $287.09 per share.
BofA Securities downgraded its Chubb Limited [CB] rating to an Underperform from a a Neutral in a research note published on October 04, 2024; the price target was increased to $275 from $264. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in early September with a ‘”an Overweight”‘ rating. William Blair also remained covering CB and has decreased its forecast on June 28, 2024 with a “an Underperform” recommendation from previously “Mkt perform” rating. BofA Securities revised its rating on May 23, 2024. It rated CB as “a Neutral” which previously was an “an Underperform”.
Price Performance Review of CB
On Monday, Chubb Limited [NYSE:CB] saw its stock fall -0.13% to $275.72. Over the last five days, the stock has lost -0.58%. Chubb Limited shares have risen nearly 22.00% since the year began. Nevertheless, the stocks have risen 25.04% over the past one year. While a 52-week high of $302.05 was reached on 10/17/24, a 52-week low of $216.90 was recorded on 01/09/24. SMA at 50 days reached $285.15, while 200 days put it at $269.96.
Levels Of Support And Resistance For CB Stock
The 24-hour chart illustrates a support level at 274.71, which if violated will result in even more drops to 273.69. On the upside, there is a resistance level at 277.11. A further resistance level may holdings at 278.49. The Relative Strength Index (RSI) on the 14-day chart is 37.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -6.67, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.65%. Stochastics %K at 16.40% indicates the stock is a buying.
How much short interest is there in Chubb Limited?
A steep rise in short interest was recorded in Chubb Limited stocks on 2024-11-29, dropping by -0.59 million shares to a total of 2.85 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 3.44 million shares. There was a decline of -20.62%, which implies that there is a negative sentiment for the stock.
