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Potential Price Increase for CNO Financial Group Inc (CNO) After Recent Insider Activity

CNO Financial Group Inc’s recently made public that its Officer ROCCO TARASI III acquired Company’s shares for reported $94325.0 on Dec 17 ’24. In the deal valued at $37.73 per share,2,500 shares were bought.

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Then, ROCCO TARASI III bought 1,484 shares, generating $56,422 in total proceeds.

Before that, JOHNSON ERIC R sold 3,978 shares. CNO Financial Group Inc shares valued at $155,492 were divested by the Chief Investment Officer at a price of $39.09 per share. As a result of the transaction, JOHNSON ERIC R now holds 631,844 shares, worth roughly $23.71 million.

Piper Sandler upgraded its CNO Financial Group Inc [CNO] rating to an Overweight from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who decreased its forecast for the stock in early January from “an In-line” to “an Underperform”. RBC Capital Mkts started covering the stock on September 13, 2022. It rated CNO as “an Outperform”.

Price Performance Review of CNO

On Tuesday, CNO Financial Group Inc [NYSE:CNO] saw its stock fall -1.99% to $37.52. Over the last five days, the stock has lost -0.74%. CNO Financial Group Inc shares have risen nearly 34.48% since the year began. Nevertheless, the stocks have risen 42.39% over the past one year. While a 52-week high of $40.91 was reached on 11/27/24, a 52-week low of $24.92 was recorded on 04/11/24. SMA at 50 days reached $37.45, while 200 days put it at $31.53.

Levels Of Support And Resistance For CNO Stock

The 24-hour chart illustrates a support level at 37.21, which if violated will result in even more drops to 36.90. On the upside, there is a resistance level at 37.92. A further resistance level may holdings at 38.33. The Relative Strength Index (RSI) on the 14-day chart is 41.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.82, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.04%. Stochastics %K at 16.92% indicates the stock is a buying.

How much short interest is there in CNO Financial Group Inc?

A steep rise in short interest was recorded in CNO Financial Group Inc stocks on 2024-11-29, growing by 53779.0 shares to a total of 1.99 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 1.94 million shares. There was a rise of 2.7%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on January 26, 2022 when Jefferies began covering the stock and recommended ‘”a Hold”‘ rating along with a $25 price target.

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