Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Chubb Limited shares valued at $269,503 were sold by Ohsiek George F. on Feb 11 ’25. At $267.63 per share, Ohsiek George F. sold 1,007 shares. The insider’s holdings dropped to 19,899 shares worth approximately $5.32 million following the completion of this transaction.
Also, Ohsiek George F. purchased 1,007 shares, netting a total of over 269,498 in proceeds.
Before that, GREENBERG EVAN G had sold 30,318 shares from its account. In a trade valued at $8,780,093, the Chairman & CEO traded Chubb Limited shares for $289.60 each. Upon closing the transaction, the insider’s holdings decreased to 30,318 shares, worth approximately $148.1 million.
As published in a research note from BofA Securities on October 04, 2024, Chubb Limited [CB] has been rated down from a Neutral to an Underperform and the price target has been revised to $275 from $264. Analysts at Barclays started covering the stock with ‘”an Overweight”‘ outlook in a report released in early September. As of June 28, 2024, William Blair has decreased its “Mkt perform” rating to a “an Underperform” for CB. Earlier on May 23, 2024, BofA Securities upgraded its rating. Their new recommendation was “a Neutral” for CB stock which previously was a “an Underperform”.
Analyzing CB Stock Performance
During the last five days, there has been a surge of approximately 0.91%. Over the course of the year, Chubb Limited shares have dropped approximately -3.19%. Shares of the company reached a 52-week high of $281.20 on 01/29/25 and a 52-week low of $252.16 on 01/10/25. A 50-day SMA is recorded $271.45, while a 200-day SMA reached $274.01. Nevertheless, trading volume fell to 1.06 million shares from 0.89 million shares the previous day.
Support And Resistance Levels for Chubb Limited (CB)
According to the 24-hour chart, there is a support level at 264.39, which, if violated, would cause prices to drop to 261.29. In the upper region, resistance lies at 269.34. The next price resistance is at 271.18. RSI (Relative Strength Index) is 46.27 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.17, which suggests the price will decrease in the coming days. Percent R is at 64.69%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
