Chubb Corporation (The) (NYSE:CB) reported a drop of 1% or 48,739 shares in its short interest. The short figure came in at 1% of the total floats. The average daily volume of 1,200,141 shares suggests that the days to cover 4,693,816 short positions, as on June 15,2016, will be 4. On May 31,2016, the short interest was 4,742,555 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Chubb Corporation (The) (NYSE:CB): The stock opened at $124.19 on Friday but the bulls could not build on the opening and the stock topped out at $126.05 for the day. The stock traded down to $123.00 during the day, due to lack of any buying support eventually closed down at $123.94 with a loss of -3.65% for the day. The stock had closed at $128.64 on the previous day. The total traded volume was 2,523,256 shares.
The company shares have rallied 21.99% from its 1 Year high price. On Jun 23, 2016, the shares registered one year high at $128.78 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $125.61 and the 200 Day Moving Average price is recorded at $118.62.
Stocks of Chubb Corporation (The) (NYSE:CB) rallied by 0.01% during the past week but lost 2.58% on a 4-week basis. In the past week, the company has outperformed the S&P 500 by 1.67% and the outperformance has advanced to 0.37% for the last 4 weeks period.
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.