Insurance Stocks Moving In Tuesday's Intraday Session
Portfolio Pulse from Benzinga Insights
In Tuesday's intraday session, insurance stocks saw significant movement. Marpai, Cheche Group, Reliance Global Group, James River Gr Hldgs, MBIA, and HCI Group were among the gainers, with Marpai leading with a 27.47% increase. On the losing side, Oxbridge Re Holdings, Fidelis Insurance Hldgs, Lemonade, eHealth, Abacus Life, and Prudential saw declines, with Oxbridge Re Holdings dropping 13.01%. Fidelis Insurance Hldgs's decline followed its Q3 earnings release. Trading volumes varied, with some stocks trading above average and others below.
November 21, 2023 | 5:40 pm
News sentiment analysis
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NEGATIVE IMPACT
Abacus Life's stock declined by 3.23%, with trading volume at half its average, indicating some investor disinterest.
The stock's decline with moderate trading volume suggests a lukewarm market response that may not have a strong short-term impact.
CONFIDENCE 65
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
eHealth's stock declined by 3.32%, with trading volume below average, suggesting mild negative sentiment.
The decrease in stock price accompanied by lower trading volume indicates a negative but not overly strong market reaction.
CONFIDENCE 70
IMPORTANCE 55
RELEVANCE 65
NEGATIVE IMPACT
Fidelis Insurance Hldgs stock declined by 8.03% following its Q3 earnings release, with high trading volume.
The post-earnings decline and increased trading volume suggest a negative investor reaction to the earnings report, which could affect the stock in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 95
NEGATIVE IMPACT
Lemonade's stock fell 3.79%, with trading volume nearing its average, pointing to some investor concern.
The stock's decline with a relatively high trading volume could indicate continued investor caution in the short term.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 75
NEGATIVE IMPACT
Oxbridge Re Holdings' shares fell 13.01%, with lower than average trading volume, indicating negative sentiment.
The significant drop in stock price, even with lower trading volume, suggests a strong negative market reaction that could persist in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Prudential's shares declined by 1.89%, with trading volume below half its average, reflecting limited negative sentiment.
The modest decline in stock price and trading volume suggests a relatively small short-term impact on the stock.
CONFIDENCE 60
IMPORTANCE 45
RELEVANCE 55
POSITIVE IMPACT
Cheche Group's stock rose 21.29%, with trading volume reaching 12.0% of its average, reflecting positive momentum.
The significant stock price increase could attract more attention from investors, potentially leading to further short-term gains.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
HCI Group's stock increased by 2.74%, with trading volume at 44.8% of its average, reflecting mild investor interest.
The stock's gain with less than half of the average trading volume suggests a more limited short-term impact.
CONFIDENCE 65
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
James River Gr Hldgs saw a 4.86% uptick in stock price, with trading volume at 67.6% of its average.
The increase in stock price and substantial trading volume suggest moderate investor interest that could impact short-term performance.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
MBIA's stock moved upwards by 3.27%, with trading volume at 34.1% of its average, indicating investor interest.
The stock's upward movement with a moderate trading volume suggests a positive but more subdued investor response.
CONFIDENCE 70
IMPORTANCE 55
RELEVANCE 65
POSITIVE IMPACT
Marpai's stock surged 27.47% with a trading volume significantly higher than its average, indicating strong investor interest.
The substantial increase in stock price and trading volume suggests positive investor sentiment and potential continued interest in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Reliance Global Group's stock increased by 5.39% with an exceptionally high trading volume, indicating a strong market reaction.
The dramatic rise in trading volume alongside the price increase could suggest further interest and potential short-term upside.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85