Insurance Stocks Moving In Monday's Intraday Session
Portfolio Pulse from Benzinga Insights
In Monday's intraday session, insurance stocks saw movement with Marpai, Crawford, Investors Title, Lemonade, and Allstate experiencing gains, while Reliance Global Group, FG Finl Gr, Root, Cheche Group, Citizens, and Oscar Health faced declines. The changes in stock prices were accompanied by trading volumes that were in line with their respective average full-day volumes over the last 100 days.
December 11, 2023 | 5:40 pm
News sentiment analysis
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NEGATIVE IMPACT
Cheche Group's shares decreased by 3.43% to $6.91 with a trading volume of 4.8K shares and a market cap of $529.2 million.
The decline in Cheche Group's stock price, despite low trading volume, could suggest a lack of investor confidence, potentially leading to further short-term losses.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 70
NEGATIVE IMPACT
Citizens' stock went down by 2.92% to $3.0 with a trading volume of 18.0K shares and a market cap of $153.1 million.
The decrease in Citizens' stock price could reflect a negative market outlook, which may continue in the short term.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 70
NEGATIVE IMPACT
FG Finl Gr's stock decreased by 4.17% to $1.26 with a trading volume of 7.7K shares and a market cap of $16.3 million.
The decline in stock price suggests bearish investor sentiment, which may continue to affect the stock negatively in the short term.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 70
NEGATIVE IMPACT
Oscar Health's stock declined by 2.87% to $7.83 with a trading volume of 575.1K shares and a market cap of $1.8 billion.
Oscar Health's stock price drop on a relatively high volume could signal a strong bearish sentiment, potentially leading to further short-term declines.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Reliance Global Group's stock fell 9.31% to $0.66 with a trading volume of 115.4K shares and a market cap of $1.6 million.
The significant drop in stock price could reflect negative sentiment, possibly leading to further short-term depreciation.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Root's shares fell by 3.82% to $10.29 with a trading volume of 23.6K shares and a market cap of $157.6 million.
The drop in Root's stock price could indicate a negative trend that may persist in the short term.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 70
POSITIVE IMPACT
Allstate's stock rose by 3.35% to $144.0 with a trading volume of 1.4 million shares and a market cap of $36.6 billion.
Allstate's notable market cap and the rise in stock price on high volume could signal strong market confidence, potentially leading to further short-term gains.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Crawford's stock experienced increases of 5.21% to $10.79 and 4.96% to $11.61 with trading volumes of 26.7K and 65.4K shares respectively.
The dual listing of Crawford's stock with both showing an increase suggests a strong positive trend that may continue in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Investors Title's shares went up by 3.75% to $152.5 with a trading volume of 184 shares and a market cap of $288.3 million.
The price increase is a positive sign, but the low trading volume suggests limited market excitement, which may temper short-term impact.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 70
POSITIVE IMPACT
Lemonade's shares increased by 3.55% to $18.45 with a trading volume of 628.9K shares and a market cap of $1.2 billion.
The stock's gain and substantial trading volume could lead to continued investor interest and potential short-term price appreciation.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Marpai's stock rose 5.36% to $2.16 with a trading volume of 88.8K shares and a market cap of $15.4 million.
The increase in stock price could indicate positive investor sentiment in the short term, potentially leading to further gains.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80