Insurance Stocks Moving In Wednesday's Intraday Session
Portfolio Pulse from Benzinga Insights
In Wednesday's intraday session, several insurance stocks experienced notable movements. Tian Ruixiang Holdings (TIRX), Huize Holding (HUIZ), Heritage Insurance Holdings (HRTG), Root (ROOT), Lemonade (LMND), and Oscar Health (OSCR) were among the gainers, with increases ranging from 4.38% to 7.29%. On the losing side, Marpai (MRAI), Maiden Holdings (MHLD), Maiden Holdings 6.625% Notes due 2046 (MHLA), Crawford (CRD), and Kinsale Capital Group (KNSL) saw declines between 2.62% and 4.02%. Volume traded for these stocks varied, with some trading above and others below their average full-day volume over the last 100 days.
November 15, 2023 | 5:40 pm
News sentiment analysis
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NEGATIVE IMPACT
Crawford shares decreased by 2.97% to $10.46 and 2.62% to $9.3, with varying trading volumes.
The decline in both listings of Crawford shares could suggest a broader negative sentiment, potentially leading to further price drops.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Kinsale Capital Group shares fell 2.79% to $361.48, with a volume of 61.3K shares.
The stock's decline could be a sign of short-term bearish sentiment, which may lead to further downward pressure on the price.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Maiden Holdings 6.625% Notes due 2046 fell 3.19% to $15.19, with a volume of 2.7K shares.
The drop in price for these notes could indicate a negative outlook among investors, potentially affecting the price short term.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 70
NEGATIVE IMPACT
Maiden Holdings stock decreased by 3.39% to $1.71, with a volume of 7.3K shares.
The stock's decrease could reflect short-term negative sentiment, potentially leading to further declines.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Marpai shares fell by 4.02% to $0.61, with a trading volume of 261.0K shares.
The decline in stock price following the Q3 earnings release suggests a negative market reaction that could persist in the short term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Heritage Insurance Holdings stock increased by 6.2% to $7.7, trading 245.6K shares.
The increase in stock price and high trading volume could indicate continued investor interest, potentially leading to further gains.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Huize Holding shares increased by 6.84% to $0.94 with a trading volume of 10.9K shares.
The upward movement in stock price suggests positive investor sentiment which may continue in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Lemonade shares increased by 4.77% to $16.45, with a volume of 1.2 million shares.
The stock's gain and high volume indicate strong market activity that could continue to drive the price up in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Oscar Health stock increased by 4.38% to $7.5, with a high volume of 5.3 million shares.
The substantial trade volume and price increase could signal a bullish trend for the stock in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Root stock rose by 5.63% to $9.93 with a trading volume of 44.6K shares.
The stock's positive performance may lead to increased investor confidence and a potential short-term uptrend.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Tian Ruixiang Holdings stock rose by 7.29% to $0.77 with a trading volume of 7.3K shares.
The significant increase in stock price could lead to short-term positive sentiment among investors, potentially driving the price up further.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80