Insurance Stocks Moving In Tuesday's Intraday Session
Portfolio Pulse from Benzinga Insights
In Tuesday's intraday session, insurance stocks saw significant movements. Abacus Life (ABL and ABLLL), BRP Group (BRP), Reliance Global Group (RELI), RenaissanceRe Holdings (RNR), and White Mountains Insurance (WTM) were among the gainers. Conversely, Marpai (MRAI), Fanhua (FANH), Cheche Group (CCG), Kingstone Companies (KINS), Lemonade (LMND), and Waterdrop (WDH) were the losers. Notably, Waterdrop's Q3 earnings were released three days ago.
December 12, 2023 | 5:40 pm
News sentiment analysis
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NEGATIVE IMPACT
Cheche Group (CCG) stock declined by 6.02% to $6.41 with a volume of 331 shares.
CCG's stock price decline could indicate a negative market reaction, potentially leading to further short-term losses.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 85
NEGATIVE IMPACT
Fanhua (FANH) shares fell 8.37% to $6.68 with a trading volume of 10.2K shares.
The drop in FANH's share price suggests bearish investor sentiment, which may continue in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
NEGATIVE IMPACT
Kingstone Companies (KINS) shares decreased by 5.46% to $2.6 with a volume of 8.4K shares.
KINS's decrease in price may reflect investor skepticism, possibly affecting the stock negatively in the short term.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 85
NEGATIVE IMPACT
Lemonade (LMND) shares decreased by 4.26% to $17.55 with a volume of 644.5K shares.
LMND's stock price drop could be a sign of negative investor sentiment, potentially leading to further short-term decline.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
NEGATIVE IMPACT
Marpai (MRAI) shares decreased by 8.62% to $1.91 with a volume of 73.4K shares.
MRAI's decline in stock price could reflect negative sentiment, possibly leading to further short-term depreciation.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
NEGATIVE IMPACT
Waterdrop (WDH) shares declined by 2.55% to $1.15 with a volume of 104.6K shares. Q3 earnings were released three days ago.
WDH's decline post-earnings release suggests the market may have reacted negatively to the financial results, indicating potential short-term downward pressure.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 95
POSITIVE IMPACT
Abacus Life (ABL) stock increased by 10.09% to $7.6 with a trading volume of 208.7K shares.
The significant increase in ABL's stock price suggests positive investor sentiment, which could lead to short-term upward momentum.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Abacus Life (ABLLL) shares rose 9.66% to $27.39 with a volume of 417 shares.
ABLLL's share price increase is a positive sign for the stock, potentially leading to further gains in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
BRP Group (BRP) stock rose 7.94% to $20.93 with a volume of 368.2K shares.
The increase in BRP's stock price could attract more investor interest, potentially leading to a short-term positive trend.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Reliance Global Group (RELI) stock moved upwards by 4.14% to $0.68 with a volume of 63.8K shares.
RELI's upward movement could suggest a positive short-term outlook, but the low market cap may indicate higher volatility.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
RenaissanceRe Holdings (RNR) stock moved upwards by 3.08% to $209.25 with a volume of 164.2K shares.
RNR's stock price increase is a bullish signal, which may lead to continued short-term growth.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 85
POSITIVE IMPACT
White Mountains Insurance (WTM) stock increased by 2.96% to $1531.92 with a volume of 1.6K shares.
WTM's price increase could indicate a positive investor outlook, potentially leading to further short-term gains.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 85