In a filing, Cigna Group revealed its Director DeLaney William J III unloaded Company’s shares for reported $0.92 million on Aug 19 ’24. In the deal valued at $342.68 per share,2,691 shares were sold. As a result of this transaction, DeLaney William J III now holds 17,539 shares worth roughly $4.66 million.
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Then, DeLaney William J III bought 2,691 shares, generating $922,152 in total proceeds.
Before that, Jones Nicole S sold 22,030 shares. Cigna Group shares valued at $7,291,049 were divested by the insider at a price of $330.96 per share. As a result of the transaction, Jones Nicole S now holds 24,587 shares, worth roughly $6.53 million.
Piper Sandler initiated its Cigna Group [CI] rating to an Overweight in a research note published on June 26, 2024; the price target was $400. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who began to cover the stock in late May with a ‘”an Outperform”‘ rating. Barclays began covering CI with “an Overweight” recommendation on March 06, 2024. RBC Capital Mkts revised its rating on February 05, 2024. It rated CI as “an Outperform” which previously was an “a Sector perform”.
Price Performance Review of CI
On Tuesday, Cigna Group [NYSE:CI] saw its stock fall -2.81% to $265.59. Over the last five days, the stock has lost -14.70%. Cigna Group shares have fallen nearly -11.31% since the year began. Nevertheless, the stocks have fallen -8.57% over the past one year. While a 52-week high of $370.83 was reached on 09/16/24, a 52-week low of $271.88 was recorded on 12/17/24. SMA at 50 days reached $323.65, while 200 days put it at $339.74.
Levels Of Support And Resistance For CI Stock
The 24-hour chart illustrates a support level at 261.52, which if violated will result in even more drops to 257.45. On the upside, there is a resistance level at 270.17. A further resistance level may holdings at 274.75. The Relative Strength Index (RSI) on the 14-day chart is 17.43, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -36.79, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.44%. Stochastics %K at 3.29% indicates the stock is a buying.
How much short interest is there in Cigna Group?
A steep rise in short interest was recorded in Cigna Group stocks on 2024-11-29, dropping by -0.27 million shares to a total of 3.19 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 3.45 million shares. There was a decline of -8.44%, which implies that there is a negative sentiment for the stock.
