Chubb Corporation (The) (CB) Shares Slide -2.51%

Chubb Corporation (The) (CB) : During the past 4 weeks, traders have been relatively bearish on Chubb Corporation (The) (CB), hence the stock is down -7.01% 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 -2.45% relative to the S&P 500. The 4-week change in the price of the stock is -3.88% and the stock has fallen -2.51% in the past 1 week.

The stock has recorded a 20-day Moving Average of 2.86% and the 50-Day Moving Average is 1.47%. Chubb Limited is up 6.28% in the last 3-month period. Year-to-Date the stock performance stands at 7.8%.


Chubb Corporation (The) (NYSE:CB): On Fridays trading session , Opening price of the stock was $126 with an intraday high of $126.5. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $125.24. However, the stock managed to close at $125.26, a loss of 0.96% for the day. On the previous day, the stock had closed at $126.47. The total traded volume of the day was 1,909,049 shares.

Also, Morgan Stanley maintains its rating on Chubb Corporation (The) (NYSE:CB). The global brokerage major raises the current price target from $136 per share to $140 per share. Analysts at the Morgan Stanley have a current rating of Overweight on the shares. The rating by the firm was issued on July 28, 2016.

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.

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