Chubb Corporation (The) (CB) has risen sharply, recording gains of 3.67% in the past 4 weeks. However, the stock has corrected -0.83% in the past 1 week, providing a good buying opportunity on dips. Chubb Corporation (The) (CB) : During the past 4 weeks, traders have been relatively bearish on Chubb Corporation (The) (CB), hence the stock is down -2.89% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.44% relative to the S&P 500.
Chubb Corporation (The) (NYSE:CB): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $127.94 and $127.43 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $128.62. The buying momentum continued till the end and the stock did not give up its gains. It closed at $128.49, notching a gain of 0.70% for the day. The total traded volume was 939,704 . The stock had closed at $127.60 on the previous day.
The stock has recorded a 20-day Moving Average of 0.06% and the 50-Day Moving Average is 1.31%. Chubb Limited is up 7.7% in the last 3-month period. Year-to-Date the stock performance stands at 10.58%.
The Chubb Corporation is a holding company with subsidiaries principally engaged in the property and casualty insurance business. The property and casualty insurance subsidiaries (the P&C Group) underwrite insurance in the United States, Canada, Europe, Australia and parts of Latin America and Asia. The P&C Group operates through three business units: Chubb Personal Insurance, offers personal insurance products for homes and valuable articles (such as art and jewelry) for high net worth individuals; Chubb Commercial Insurance, offers multiple peril, primary liability, excess and umbrella liability, automobile, workers compensation and property and marine insurance, and Chubb Specialty Insurance, offers specialized professional liability products for privately held and publicly traded companies, financial institutions, professional firms, healthcare and not-for-profit organizations.