Insurance Stocks Moving In Thursday's Intraday Session
Portfolio Pulse from Benzinga Insights
In Thursday's intraday session, insurance stocks saw significant movement. Marpai (MRAI) surged 101.61% after its Q3 earnings report. Huize Holding (HUIZ), Cheche Group (CCG), FG Finl Gr (FGFPP), Abacus Life (ABL), and Global Indemnity Group (GBLI) also saw gains. Conversely, GoHealth (GOCO), Maiden Hldgs (MHLD), Lemonade (LMND), Root (ROOT), Maiden Holdings, Ltd. 6.625% Notes due 2046 (MHLA), and Reliance Global Group (RELI) experienced declines.
November 16, 2023 | 5:40 pm
News sentiment analysis
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NEGATIVE IMPACT
GoHealth shares fell by 5.63% to $13.77, with a trading volume of 6.2K shares.
GoHealth's stock price decline indicates negative market sentiment, suggesting a bearish short-term impact.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Lemonade stock declined by 4.46% to $15.48, with a trading volume of 517.4K shares.
Lemonade's notable stock price decrease on high volume indicates strong market reaction and a bearish short-term impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Maiden Holdings, Ltd. 6.625% Notes due 2046 shares fell by 4.18% to $15.03, with a volume of 590 shares.
The decrease in price for Maiden Holdings' notes indicates a negative short-term impact, though the low volume suggests limited market attention.
CONFIDENCE 65
IMPORTANCE 40
RELEVANCE 50
NEGATIVE IMPACT
Maiden Hldgs shares decreased by 4.47% to $1.6, with a trading volume of 12.1K shares.
The drop in Maiden Hldgs's stock price suggests a negative short-term outlook, with moderate impact due to the percentage decrease.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Reliance Global Group stock declined by 3.51% to $1.1 post-Q3 earnings, with a trading volume of 2.5K shares.
Reliance Global Group's stock price drop following its Q3 earnings report suggests a negative investor response and a bearish short-term impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Root's stock price went down by 4.29% to $9.38, with a trading volume of 62.2K shares.
Root's stock price decline suggests a bearish short-term sentiment, with a moderate impact due to the percentage decrease.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Abacus Life's stock rose by 2.84% to $6.14 following its Q3 earnings, with a trading volume of 8.1K shares.
Abacus Life's stock price increase post-Q3 earnings suggests a positive investor response, indicating a bullish short-term impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Cheche Group stock rose by 5.13% to $5.32, with current trading volume at 21.7K shares.
Cheche Group's stock price increase indicates a positive short-term sentiment, but the impact is moderate due to the small percentage increase.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
FG Finl Gr stock increased by 4.5% to $14.14, with a trading volume of 372 shares.
The stock's gain suggests a positive short-term trend, but the low trading volume indicates limited market reaction.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Global Indemnity Group shares grew by 2.71% to $34.5, with a trading volume of 256 shares.
The increase in Global Indemnity Group's stock price is positive, but the low trading volume suggests a moderate short-term impact.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Huize Holding shares increased by 5.43% to $0.97 with a trading volume of 7.4K shares.
The upward movement in Huize Holding's stock price suggests a positive short-term outlook, although the impact is moderate due to the relatively small change in price.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Marpai's stock soared 101.61% to $1.25 with a trading volume of 2.1 million shares after its Q3 earnings report.
The significant surge in Marpai's stock price is likely due to positive reception of their Q3 earnings report, indicating a strong short-term bullish sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100