Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Corebridge Financial Inc shares valued at $3,838,012,159 were sold by AMERICAN INTERNATIONAL GROUP, on Dec 09 ’24. At $31.47 per share, AMERICAN INTERNATIONAL GROUP, sold 121,956,256 shares. The insider’s holdings dropped to 127,282,642 shares worth approximately $4.23 billion following the completion of this transaction.
Also, AMERICAN INTERNATIONAL GROUP, sold 30,000,000 shares, netting a total of over 936,000,000 in proceeds. Following the sale of shares at $31.20 each, the insider now holds 249,238,898 shares.
Before that, AMERICAN INTERNATIONAL GROUP, had sold 5,000,000 shares from its account. In a trade valued at $144,300,000, the 10% Owner traded Corebridge Financial Inc shares for $28.86 each. Upon closing the transaction, the insider’s holdings decreased to 5,000,000 shares, worth approximately $9.28 billion.
As published in a research note from Morgan Stanley on February 28, 2025, Corebridge Financial Inc [CRBG] has been rated up from an Equal-weight to an Overweight and the price target has been revised to $43 from $35. Analysts at BMO Capital Markets started covering the stock with ‘”an Outperform”‘ outlook in a report released in late January. As of January 10, 2025, Deutsche Bank has increased its “Hold” rating to a “Buy” for CRBG. Earlier on January 06, 2025, Barclays upgraded its rating. Their new recommendation was “an Overweight” for CRBG stock which previously was a “an Equal weight”.
Analyzing CRBG Stock Performance
During the last five days, there has been a surge of approximately 0.91%. Over the course of the year, Corebridge Financial Inc shares have jumped approximately 10.99%. Shares of the company reached a 52-week high of $35.36 on 03/03/25 and a 52-week low of $29.46 on 01/13/25. A 50-day SMA is recorded $32.09, while a 200-day SMA reached $30.20.
Support And Resistance Levels for Corebridge Financial Inc (CRBG)
According to the 24-hour chart, there is a support level at 32.48, which, if violated, would cause prices to drop to 31.74. In the upper region, resistance lies at 33.62. The next price resistance is at 34.02. RSI (Relative Strength Index) is 51.77 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.01, which suggests the price will decrease in the coming days. Percent R is at 43.21%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
