Cincinnati Financial Corp’s filing revealed that its Director Debbink Dirk J acquired Company’s shares for reported $0.16 million on Dec 03 ’24. In the deal valued at $157.19 per share,1,000 shares were bought. As a result of this transaction, Debbink Dirk J now holds 54,500 shares worth roughly $7.6 million.
Then, Schiff Charles Odell sold 6,000 shares, generating $782,623 in total proceeds. Upon selling the shares at $130.44, the Director now owns 184,555 shares.
Before that, Osborn David P bought 2,000 shares. Cincinnati Financial Corp shares valued at $223,283 were divested by the Director at a price of $111.64 per share. As a result of the transaction, Osborn David P now holds 33,919 shares, worth roughly $4.73 million.
Citigroup upgraded its Cincinnati Financial Corp [CINF] rating to a Buy from a a Neutral in a research note published on June 28, 2024; the price target was increased to $135 from $126. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who increased its forecast for the stock in late March from “a Market perform” to “an Outperform”. Janney began covering CINF with “Neutral” recommendation on December 14, 2023. Citigroup started covering the stock on November 22, 2023. It rated CINF as “a Neutral”.
Price Performance Review of CINF
On Tuesday, Cincinnati Financial Corp [NASDAQ:CINF] saw its stock jump 2.63% to $139.49. Over the last five days, the stock has lost -1.59%. Cincinnati Financial Corp shares have fallen nearly -2.93% since the year began. Nevertheless, the stocks have risen 28.84% over the past one year. While a 52-week high of $161.74 was reached on 01/06/25, a 52-week low of $104.78 was recorded on 01/10/25. SMA at 50 days reached $148.47, while 200 days put it at $131.27.
Levels Of Support And Resistance For CINF Stock
The 24-hour chart illustrates a support level at 137.16, which if violated will result in even more drops to 134.82. On the upside, there is a resistance level at 140.70. A further resistance level may holdings at 141.91. The Relative Strength Index (RSI) on the 14-day chart is 38.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.84, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 48.66%. Stochastics %K at 31.65% indicates the stock is a holding.
How much short interest is there in Cincinnati Financial Corp?
A steep rise in short interest was recorded in Cincinnati Financial Corp stocks on 2024-12-31, dropping by 8786.0 shares to a total of 2.01 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 2.01 million shares. There was a decline of -0.44%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on November 16, 2023 when Oppenheimer began covering the stock and recommended ‘”a Perform”‘ rating .
