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Stock Investors Bid Up Shares of CNO Financial, Up 2.1%

Published on Fri, 07/05/2013 - 14:55
By Mallory Stone

CNO Financial (NYSE:CNO) is one of today's notable stocks on the rise, up 2.1% to $13.41. The Dow Jones Industrial Average is now trading 0.6% higher to 15,078 and the S&P is trading 0.6% higher to 1,625.

CNO Financial Group Inc. formerly Conseco, Inc., is the holding company for a group of insurance companies operating throughout the United States that develop, market and administer supplemental health insurance, annuity, individual life insurance and other insurance products. The Company focuses on serving the senior and middle income markets.

In the past 52 weeks, shares of CNO Financial have traded between a low of $7.55 and a high of $13.49 and are now at $13.41, which is 78% above that low price. The 200-day and 50-day moving averages have moved 0.47% higher and 1.17% higher over the past week, respectively.

CNO Financial (NYSE:CNO) is currently priced 7.4% above its average consensus analyst price target of $12.42. The stock should discover initial support at its 50-day moving average (MA) of $12.18 and subsequent support at its 200-day MA of $10.58.

By Mallory Stone
mstone@fnno.com