CNO Financial Group (CNO) has been under a strong bear grip, hence the stock is down -2.18% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.37% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2% in the last 1 week, and is up 4.43% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
CNO Financial Group (NYSE:CNO): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $18.18 and $18.14 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $18.41. The buying momentum continued till the end and the stock did not give up its gains. It closed at $18.38, notching a gain of 1.38% for the day. The total traded volume was 761,877 . The stock had closed at $18.13 on the previous day.
The stock has recorded a 20-day Moving Average of 4.63% and the 50-Day Moving Average is 1.42%. CNO Financial Group, Inc. has dropped 5.12% during the last 3-month period . Year-to-Date the stock performance stands at -2.96%.
CNO Financial Group, Inc. is a holding company for a group of insurance companies operating throughout the United States that develop, market and administer health insurance, annuity, individual life insurance and other insurance products. The Company manages its business through three operating segments: Bankers Life, Washington National and Colonial Penn. Bankers Life markets and distributes Medicare supplement insurance, interest-sensitive life insurance, traditional life insurance, fixed annuities and long-term care insurance products. Washington National markets and distributes supplemental health, including specified disease, accident and hospital indemnity insurance products, and life insurance. Colonial Penn markets primarily graded benefit and simplified issue life insurance.