CNA Financial $CNA stock has continued trending higher as of November 1, 2022, after a downtrend channelUptrend and downtrend channel patterns are technical analysis tools used to identify potential future price movements. They are formed by two parallel lines on a chart and can be u... breakout. Dark pool trading occurred in the stock back on September 28, 2022.
CNA Financial Corporation is a property and casualty insurer. CCNA’s property, casualty, non-life and group insurance operations are conducted by Continental Casualty Company, The Continental Insurance Company, Western Surety Company, CNA Insurance Company Ltd and Hardy Underwriting Bermuda Ltd and their subsidiaries. CNA Financial is a subsidiary of Loews Corporation. The company operates through 3 core and 2 minor segments. The main core segments are specialty, commercial and international. Sub-segments are Life and Group and Corporate and Others. The specialist segment offers management and professional liability and other cover through P&C products and services. The Commercial segment works with an independent agency distribution system and broker network to sell P&C insurance products and services to small, medium and large companies and organizations. . International: This segment offers P&C insurance and specialty coverage at a global level.
Dark Pool Trading In $CNA Stock
A dark pool trade occurred in $CNA stock back on September 28, 2022. We think the $22 million dark pool order was buying because of how the stock rose following the trade being made public.
CNA Financial reports Q3 2022 Financials
On October 31, 2022, CNA Financial reported EPS of 54c versus the consensus estimate of 60c. The company reported Q3 revenueThe income statement provides a summary of a company's revenue and expenses over a specified period of time, typically a year or a quarter. It shows the company's total revenue, th... of $3.46B versus the consensus estimate of $2.24B. The company reported a Q3 book value per share of $58.14.
“Loews had another good quarter. Loews Hotels & Co continues to perform exceptionally well, and CNA produced a stellar underlying combined ratio of 91.1%,” said James Tisch, president and CEO of Loews Corporation.
CNA Financial Stock Technical Analysis
CNA Financial $CNA stock is in a technical weak downtrend. If the stock can break through $43.59 resistance, we will upgrade it to an uptrend rating. The downtrend channel breakout chart pattern is impressive and so too is the positive MACDThe MACD indicator is essentially a momentum indicator that shows the relationship between two different moving averages of price. The MACD is the difference between the 12-period ... and money flow.
