Insurance Stocks Moving In Thursday's Intraday Session
Portfolio Pulse from Benzinga Insights
In Thursday's intraday session, insurance stocks saw significant movement. Reliance Global Group (RELI) and Marpai (MRAI) were among the top gainers, with shares surging by 50.55% and 47.34%, respectively. Abacus Life (ABL), Crawford (CRD), and Lemonade (LMND) also experienced gains. On the losing side, Fidelis Insurance Holdings (FIHL) dropped by 5.54% after Q3 earnings release 3 days ago, followed by declines in Cheche Group (CCG), Hallmark Financial Services (HALL), Waterdrop (WDH), Hippo Holdings (HIPO), and Palomar Holdings (PLMR). Trading volumes for these stocks were reported to be 0% of their average full-day volume over the last 100 days.
November 23, 2023 | 5:40 pm
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POSITIVE IMPACT
Marpai's stock jumped by 47.34%, with a current volume significantly higher than its average, indicating a strong market reaction.
MRAI's significant price increase and high trading volume suggest that the stock may continue to experience heightened interest in the short term.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Reliance Global Group's shares soared by 50.55% with a significant increase in trading volume, indicating strong investor interest.
The substantial increase in RELI's stock price, coupled with a high trading volume, suggests positive investor sentiment and potential continued interest in the short term.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Cheche Group's stock decreased by 4.83%, with trading volume remaining low, indicating a negative trend.
CCG's stock price decline, despite low trading volume, suggests a lack of investor confidence, which may persist in the short term.
CONFIDENCE 65
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Fidelis Insurance Holdings saw a 5.54% decrease in stock price, potentially due to market reactions from its Q3 earnings released 3 days ago.
The decline in FIHL's stock price shortly after its Q3 earnings release suggests a negative market response, which could continue to affect the stock in the short term.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 85
NEGATIVE IMPACT
Hallmark Financial Services experienced a 3.28% fall in stock price, with minimal trading volume, indicating a potential lack of investor interest.
The decrease in HALL's stock price, coupled with very low trading volume, could suggest a bearish outlook for the stock in the short term.
CONFIDENCE 60
IMPORTANCE 50
RELEVANCE 60