Travelers Companies Inc’s recently made public that its Vice Chairman HEYMAN WILLIAM H unloaded Company’s shares for reported $0.54 million on Nov 27 ’24. In the deal valued at $267.50 per share,2,000 shares were sold. As a result of this transaction, HEYMAN WILLIAM H now holds 250,384 shares worth roughly $58.42 million.
Then, HEYMAN WILLIAM H sold 1,000 shares, generating $269,000 in total proceeds. Upon selling the shares at $269.00, the Vice Chairman now owns 250,384 shares.
Before that, HEYMAN WILLIAM H bought 1,000 shares. Travelers Companies Inc shares valued at $269,000 were divested by the Officer at a price of $269.00 per share.
Goldman upgraded its Travelers Companies Inc [TRV] rating to a Buy from a a Sell in a research note published recently. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in mid December from “an Equal weight” to “an Underweight”. HSBC Securities also remained covering TRV and has increased its forecast on December 10, 2024 with a “Buy” recommendation from previously “Hold” rating. Janney revised its rating on November 21, 2024. It rated TRV as “a Neutral” which previously was an “a Buy”.
Price Performance Review of TRV
On Monday, Travelers Companies Inc [NYSE:TRV] saw its stock jump 0.39% to $233.33. Over the last five days, the stock has lost -3.70%. Travelers Companies Inc shares have fallen nearly -3.14% since the year began. Nevertheless, the stocks have risen 20.84% over the past one year. While a 52-week high of $269.55 was reached on 01/06/25, a 52-week low of $191.88 was recorded on 01/13/25. SMA at 50 days reached $250.36, while 200 days put it at $228.82.
Levels Of Support And Resistance For TRV Stock
The 24-hour chart illustrates a support level at 230.85, which if violated will result in even more drops to 228.37. On the upside, there is a resistance level at 235.19. A further resistance level may holdings at 237.05. The Relative Strength Index (RSI) on the 14-day chart is 32.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.44%. Stochastics %K at 33.75% indicates the stock is a holding.
How much short interest is there in Travelers Companies Inc?
A steep rise in short interest was recorded in Travelers Companies Inc stocks on 2024-12-31, growing by 70187.0 shares to a total of 3.3 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 3.23 million shares. There was a rise of 2.13%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on September 05, 2024 when Barclays began covering the stock and recommended ‘”an Overweight”‘ rating along with a $286 price target.
