CNA Financial Corp’s recently made public that its EVP & Head of Underwriting Worman Douglas unloaded Company’s shares for reported $1.12 million on Nov 07 ’24. In the deal valued at $48.75 per share,22,973 shares were sold. As a result of this transaction, Worman Douglas now holds 133,777 shares worth roughly $6.51 million.
Then, Worman Douglas bought 22,973 shares, generating $1,119,926 in total proceeds.
Before that, James Mark Steven sold 18,547 shares. CNA Financial Corp shares valued at $938,107 were divested by the EVP, Chief Risk & Rein Off at a price of $50.58 per share. As a result of the transaction, James Mark Steven now holds 22,917 shares, worth roughly $1.11 million.
BofA Securities downgraded its CNA Financial Corp [CNA] rating to an Underperform from a a Neutral in a research note published on February 06, 2024; the price target was increased to $43 from $39. A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who decreased its forecast for the stock in mid July from “an Outperform” to “a Mkt perform”. BofA Securities also remained covering CNA and has increased its forecast on May 03, 2023 with a “Neutral” recommendation from previously “an Underperform” rating. Keefe Bruyette revised its rating on February 19, 2021. It rated CNA as “an Outperform” which previously was an “a Mkt perform”.
Price Performance Review of CNA
On Tuesday, CNA Financial Corp [NYSE:CNA] saw its stock jump 0.81% to $48.63. Over the last five days, the stock has gained 0.45%. CNA Financial Corp shares have risen nearly 20.00% since the year began. Nevertheless, the stocks have risen 20.80% over the past one year. While a 52-week high of $52.36 was reached on 09/03/24, a 52-week low of $39.87 was recorded on 01/11/24. SMA at 50 days reached $48.98, while 200 days put it at $47.17.
Levels Of Support And Resistance For CNA Stock
The 24-hour chart illustrates a support level at 48.32, which if violated will result in even more drops to 48.02. On the upside, there is a resistance level at 48.79. A further resistance level may holdings at 48.96. The Relative Strength Index (RSI) on the 14-day chart is 48.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 64.07%. Stochastics %K at 29.90% indicates the stock is a holding.
How much short interest is there in CNA Financial Corp?
A steep rise in short interest was recorded in CNA Financial Corp stocks on 2024-11-29, dropping by 4688.0 shares to a total of 0.68 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 0.68 million shares. There was a decline of -0.69%, which implies that there is a negative sentiment for the stock.
