Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Metlife Inc shares valued at $1,890,577 were sold by DEBEL MARLENE on Dec 13 ’24. At $82.88 per share, DEBEL MARLENE sold 22,810 shares. The insider’s holdings dropped to 108,507 shares worth approximately $8.55 million following the completion of this transaction.
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Also, Khalaf Michel sold 20,926 shares, netting a total of over 1,733,604 in proceeds. Following the sale of shares at $82.84 each, the insider now holds 500,799 shares.
Before that, DEBEL MARLENE had added 22,810 shares to its account. In a trade valued at $1,890,575, the Officer bought Metlife Inc shares for $82.88 each.
As published in their initiating research note from TD Cowen on October 09, 2024, Metlife Inc [MET] has been a Buy and the price target has been revised to $97. Analysts at Barclays started covering the stock with ‘”an Overweight”‘ outlook in a report released in early September. As of January 08, 2024, Goldman has increased its “Neutral” rating to a “Buy” for MET.
Analyzing MET Stock Performance
During the last five days, there has been a drop of approximately -1.92%. Over the course of the year, Metlife Inc shares have jumped approximately 19.14%. Shares of the company reached a 52-week high of $89.05 on 11/27/24 and a 52-week low of $64.61 on 02/05/24. A 50-day SMA is recorded $83.53, while a 200-day SMA reached $75.91. Nevertheless, trading volume fell to 4.16 million shares from 2.89 million shares the previous day.
Support And Resistance Levels for Metlife Inc (MET)
According to the 24-hour chart, there is a support level at 77.74, which, if violated, would cause prices to drop to 76.69. In the upper region, resistance lies at 80.82. The next price resistance is at 82.85. RSI (Relative Strength Index) is 34.82 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.69, which suggests the price will decrease in the coming days. Percent R is at 99.30%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
