Chubb Corporation (The) (NYSE:CB) has risen sharply, recording gains of 3.53% in the past 4 weeks. However, the stock has corrected -0.06% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.89% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The company shares have rallied 24.95% from its 1 Year high price. On Jul 1, 2016, the shares registered one year high at $131.00 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $126.61 and the 200 Day Moving Average price is recorded at $119.51.
The stock has recorded a 20-day Moving Average of 3.13% and the 50-Day Moving Average is 4.19%.
Chubb Corporation (The) (NYSE:CB): stock turned positive on Friday. Though the stock opened at $130.11, the bulls momentum made the stock top out at $130.36 level for the day. The stock recorded a low of $128.89 and closed the trading day at $130.24, in the green by 1.25%. The total traded volume for the day was 1,112,520. The stock had closed at $128.63 in the previous days trading.
In an insider trading activity, Bancroft Philip V, officer (Executive Vice President*) of Chubb Ltd, unloaded 72,730 shares at an average price of $127.3 on June 2, 2016. The total amount of the transaction was worth $9,258,529, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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.