Insurance Stocks Moving In Friday's Intraday Session
Portfolio Pulse from Benzinga Insights
In Friday's intraday session, insurance stocks saw significant movement. Huize Holding (HUIZ) led the gainers with an 11.68% rise after Q3 earnings, while GoHealth (GOCO) topped the losers, falling 3.62%. Other notable gainers included Kingstone Companies (KINS), FG Finl Gr (FGFPP), SelectQuote (SLQT), Oscar Health (OSCR), and Maiden Hldgs (MHLD). On the losing side were Fanhua (FANH), Trupanion (TRUP), American Coastal (ACIC), Kingsway Financial Servs (KFS), and Tian Ruixiang Holdings (TIRX). Volume spikes and market cap changes were also observed.
November 17, 2023 | 5:40 pm
News sentiment analysis
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NEGATIVE IMPACT
American Coastal's shares fell 2.56% to $8.0, with volume at 45.1% of its average, following Q3 earnings released 4 days ago.
American Coastal's stock price drop after Q3 earnings suggests a negative market reaction, likely affecting the stock negatively in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Fanhua shares decreased by 3.6% to $6.97, with volume at 33.4% of its average.
Fanhua's stock price drop on low volume suggests a negative outlook, but the limited volume may reduce the impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
GoHealth's stock fell 3.62% to $12.8, with volume at 136.9% of its average.
The decline in GoHealth's stock price, accompanied by high volume, indicates strong market disapproval, suggesting a negative short-term impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Kingsway Financial Servs shares fell 2.42% to $6.88, with trading volume at 21.5% of its average.
Kingsway Financial's slight price decrease on low volume indicates a mild negative impact, but the lack of volume suggests limited short-term effect.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Tian Ruixiang Holdings shares decreased by 2.04% to $0.73, with very low trading volume.
Tian Ruixiang Holdings' stock price dip on minimal volume suggests a slight negative sentiment, but the impact is likely minimal due to the low volume.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Trupanion's stock declined by 2.71% to $25.22, with a volume of 24.0% of its average.
Trupanion's stock price decline on moderate volume indicates a bearish sentiment, potentially leading to further short-term losses.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
FG Finl Gr's shares climbed 7.46% to $14.83, though trading volume was only 7.4% of its average.
FG Finl Gr's stock price increase on low volume suggests a moderate positive impact, but the lack of volume could limit momentum.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Huize Holding's shares rose 11.68% to $1.07, with a significant volume increase to 786.6% of its average, following Q3 earnings release.
The positive reaction to Huize Holding's Q3 earnings suggests investor confidence, likely leading to a short-term uptrend in the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Kingstone Companies' stock increased by 8.88% to $2.82, with trading volume at 73.9% of its 100-day average.
The rise in Kingstone Companies' stock price, coupled with a substantial trading volume, indicates a bullish short-term outlook.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Maiden Hldgs' stock rose by 4.84% to $1.73, with current volume at 50.4% of its average.
Maiden Hldgs' stock price increase on a moderate volume indicates a positive trend, but the impact may be limited without stronger volume.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 75
POSITIVE IMPACT
Oscar Health's shares increased by 5.66% to $7.55, with a volume spike to 42.7% of its average.
Oscar Health's notable price increase and volume spike suggest strong market approval, likely leading to further short-term gains.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
SelectQuote's stock increased by 6.04% to $1.31, with a volume of 24.0% of its average.
SelectQuote's stock price gain on a decent volume indicates a positive investor sentiment, suggesting a potential short-term rise.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80