Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. CNA Financial Corp shares valued at $1,119,934 were sold by Worman Douglas on Nov 07 ’24. At $48.75 per share, Worman Douglas sold 22,973 shares. The insider’s holdings dropped to 133,777 shares worth approximately $6.36 million following the completion of this transaction.
Also, Worman Douglas purchased 22,973 shares, netting a total of over 1,119,926 in proceeds.
Before that, James Mark Steven had sold 18,547 shares from its account. In a trade valued at $938,107, the EVP, Chief Risk & Rein Off traded CNA Financial Corp shares for $50.58 each. Upon closing the transaction, the insider’s holdings decreased to 18,547 shares, worth approximately $1.09 million.
As published in a research note from BofA Securities on February 06, 2024, CNA Financial Corp [CNA] has been rated down from a Neutral to an Underperform and the price target has been revised to $43 from $39. Analysts at Keefe Bruyette downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in mid July. As of May 03, 2023, BofA Securities has increased its “an Underperform” rating to a “Neutral” for CNA. Earlier on February 19, 2021, Keefe Bruyette upgraded its rating. Their new recommendation was “an Outperform” for CNA stock which previously was a “a Mkt perform”.
Analyzing CNA Stock Performance
During the last five days, there has been a drop of approximately -1.76%. Over the course of the year, CNA Financial Corp shares have dropped approximately -1.76%. Shares of the company reached a 52-week high of $48.76 on 01/02/25 and a 52-week low of $46.86 on 01/06/25. A 50-day SMA is recorded $48.66, while a 200-day SMA reached $47.35. Nevertheless, trading volume fell to 0.17 million shares from 0.2 million shares the previous day.
Support And Resistance Levels for CNA Financial Corp (CNA)
According to the 24-hour chart, there is a support level at 47.11, which, if violated, would cause prices to drop to 46.71. In the upper region, resistance lies at 47.73. The next price resistance is at 47.95. RSI (Relative Strength Index) is 42.22 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.66, which suggests the price will decrease in the coming days. Percent R is at 70.85%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
