Corebridge Financial Inc’s filing revealed that its 10% Owner AMERICAN INTERNATIONAL GROUP, unloaded Company’s shares for reported $3.84 billion on Dec 09 ’24. In the deal valued at $31.47 per share,121,956,256 shares were sold. As a result of this transaction, AMERICAN INTERNATIONAL GROUP, now holds 127,282,642 shares worth roughly $3.77 billion.
Then, AMERICAN INTERNATIONAL GROUP, sold 30,000,000 shares, generating $936,000,000 in total proceeds. Upon selling the shares at $31.20, the 10% Owner now owns 249,238,898 shares.
Before that, AMERICAN INTERNATIONAL GROUP, sold 5,000,000 shares. Corebridge Financial Inc shares valued at $144,300,000 were divested by the 10% Owner at a price of $28.86 per share. As a result of the transaction, AMERICAN INTERNATIONAL GROUP, now holds 279,238,898 shares, worth roughly $8.27 billion.
Deutsche Bank upgraded its Corebridge Financial Inc [CRBG] rating to a Buy from a a Hold in a research note published on January 10, 2025; the price target was increased to $40 from $33. A number of analysts have revised their coverage, including Barclays’s analysts, who increased its forecast for the stock in early January from “an Equal weight” to “an Overweight”. TD Cowen began covering CRBG with “Buy” recommendation on October 09, 2024. Barclays started covering the stock on September 05, 2024. It rated CRBG as “an Equal weight”.
Price Performance Review of CRBG
On Monday, Corebridge Financial Inc [NYSE:CRBG] saw its stock fall -1.50% to $29.61. Over the last five days, the stock has lost -3.89%. Corebridge Financial Inc shares have fallen nearly -1.07% since the year began. Nevertheless, the stocks have risen 23.89% over the past one year. While a 52-week high of $34.66 was reached on 01/06/25, a 52-week low of $23.01 was recorded on 01/13/25. SMA at 50 days reached $30.94, while 200 days put it at $29.35.
Levels Of Support And Resistance For CRBG Stock
The 24-hour chart illustrates a support level at 29.33, which if violated will result in even more drops to 29.05. On the upside, there is a resistance level at 30.02. A further resistance level may holdings at 30.43. The Relative Strength Index (RSI) on the 14-day chart is 40.92, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 69.16%. Stochastics %K at 54.55% indicates the stock is a holding.
How much short interest is there in Corebridge Financial Inc?
A steep rise in short interest was recorded in Corebridge Financial Inc stocks on 2024-12-31, growing by 2.67 million shares to a total of 8.21 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 5.53 million shares. There was a rise of 32.57%, which implies that there is a positive sentiment for the stock.
