Insurance Stocks Moving In Friday's Intraday Session
Portfolio Pulse from Benzinga Insights
In Friday's intraday session, insurance stocks saw movement with Root, Fanhua, James River Group Holdings, Skyward Specialty, Crawford, and Hippo Holdings experiencing gains, while Reliance Global Group, Hallmark Financial Services, Tian Ruixiang Holdings, Marpai, FG Financial Group, and Cheche Group faced losses. The gains and losses were not accompanied by significant changes in trading volume, which remained at 0% of the average full-day volume over the last 100 days for all mentioned stocks.
November 24, 2023 | 5:40 pm
News sentiment analysis
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POSITIVE IMPACT
Fanhua's stock increased by 3.77% to $7.14 following its Q3 earnings release 4 days ago, potentially indicating sustained investor confidence.
The continued increase in Fanhua's stock price after its Q3 earnings suggests that the earnings report may have been favorable and could keep influencing the stock positively in the short term.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 70
POSITIVE IMPACT
Root's stock rose 4.45% to $9.85 with no significant change in volume, indicating a positive market reaction that could continue in the short term.
The increase in Root's stock price without a corresponding increase in volume suggests a positive but not overly strong investor sentiment, which may lead to continued short-term gains.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Cheche Group's shares fell 1.45% to $5.47, with low volume, indicating a neutral short-term impact.
Cheche Group's stock price decline, along with low trading volume, suggests a neutral market reaction that is unlikely to have a significant short-term impact on the stock's price.
CONFIDENCE 65
IMPORTANCE 40
RELEVANCE 50
NEUTRAL IMPACT
Crawford's stock rose 2.75% to $10.37, with trading volume in line with the average, indicating a neutral short-term impact.
Crawford's stock price increase without a significant change in volume indicates a neutral investor sentiment that is unlikely to cause major short-term price fluctuations.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
NEUTRAL IMPACT
FG Financial Group's stock decreased by 2.1% to $15.38, with very low volume, suggesting a neutral short-term impact.
The slight decrease in FG Financial Group's stock price, coupled with very low trading volume, indicates a lack of strong market interest, which may result in a neutral short-term impact.
CONFIDENCE 65
IMPORTANCE 40
RELEVANCE 50
NEUTRAL IMPACT
Hippo Holdings' shares increased 2.67% to $8.44, with no significant volume change, suggesting a neutral short-term impact.
The slight increase in Hippo Holdings' stock price, along with unchanged volume, points to a neutral market response that may not significantly affect the stock's short-term trajectory.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
NEUTRAL IMPACT
James River Group Holdings' stock rose 3.48% to $9.64, with trading volume consistent with its average, indicating a neutral short-term outlook.
The rise in stock price for James River Group Holdings without a significant change in volume suggests a moderate investor interest that may not strongly influence future price movement.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
NEUTRAL IMPACT
Skyward Specialty's shares increased 3.35% to $31.45, with no significant volume change, potentially indicating a steady short-term trend.
Skyward Specialty's stock price increase, coupled with unchanged trading volume, suggests a neutral market reaction that may not significantly impact the short-term price direction.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Hallmark Financial Services' stock decreased 3.39% to $1.71, with no significant volume change, indicating a neutral to negative short-term outlook.
The drop in Hallmark Financial Services' stock price, despite low volume, could reflect a negative investor sentiment that may lead to further short-term price declines.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Marpai's shares decreased by 2.32% to $2.03, with no significant volume change, indicating a neutral to negative short-term impact.
Marpai's stock price decrease, with trading volume consistent with the average, suggests a neutral to negative investor sentiment that may influence the stock's short-term performance.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Reliance Global Group's stock fell 3.85% to $1.25, with high trading volume, indicating potential continued short-term negative pressure.
The decrease in Reliance Global Group's stock price, accompanied by a high trading volume, suggests that the negative sentiment could persist, potentially leading to further short-term declines.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Tian Ruixiang Holdings' stock fell 3.25% to $0.72, with no significant volume change, suggesting a neutral to negative short-term impact.
The decline in Tian Ruixiang Holdings' stock price, along with unchanged trading volume, points to a neutral to negative market sentiment that may not have a strong impact on the stock's short-term direction.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60