Insurance Stocks Moving In Monday's Intraday Session
Portfolio Pulse from Benzinga Insights
In Monday's intraday session, insurance stocks saw movement with SelectQuote (SLQT), Abacus Life (ABL), Cheche Group (CCG), Huize Holding (HUIZ), MBIA (MBI), and Root (ROOT) recording gains, while Conifer Holdings (CNFR), Waterdrop (WDH), Donegal Gr (DGICB), Global Indemnity Group (GBLI), Fanhua (FANH), and Oxbridge Re Holdings (OXBR) experienced losses. All mentioned stocks traded at 0% of their average full-day volume over the last 100 days as of 12:40 EST.
January 08, 2024 | 5:40 pm
News sentiment analysis
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NEGATIVE IMPACT
Conifer Holdings stock declined by 5.15% to $1.29, with a trading volume of 493 shares and a market cap of $10.3 million.
The decrease in Conifer Holdings' stock price could lead to a negative short-term outlook, but the impact may be limited due to low volume.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Donegal Gr stock decreased by 4.22% to $15.0, with a trading volume of 2.9K shares and a market cap of $531.9 million.
The decline in Donegal Gr's stock price could negatively affect short-term performance, especially with such low trading volume.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Fanhua shares decreased by 2.99% to $6.34, with a volume of 2.6K shares and a market cap of $362.5 million.
Fanhua's stock price decline could suggest short-term bearishness, though the impact may be muted due to the low volume.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Global Indemnity Group stock fell by 3.3% to $31.2, with a volume of 24.1K shares and a market cap of $365.6 million.
The stock's downturn could indicate a negative short-term trend, potentially leading to further declines if the sentiment holds.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Oxbridge Re Holdings stock fell by 2.82% to $1.04, with a trading volume of 2.8K shares and a market cap of $6.3 million.
The decrease in Oxbridge Re Holdings' stock price may lead to a negative short-term impact, but the low volume indicates limited trading activity.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Waterdrop shares fell by 4.27% to $1.01, with a trading volume of 89.0K shares and a market cap of $389.2 million.
Waterdrop's stock price drop suggests a bearish short-term sentiment, which may continue if the trend persists.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Abacus Life stock increased by 7.86% to $11.24 with a current volume of 30.2K shares and a market cap of $681.0 million.
The stock's upward movement indicates a positive short-term outlook, potentially attracting more investor interest.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Cheche Group shares increased by 5.94% to $6.59, with a trading volume of 627 shares and a market cap of $473.6 million.
The rise in Cheche Group's stock price could indicate a bullish trend for the short term, despite low trading volume.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Huize Holding's stock rose by 5.77% to $0.85, with a volume of 5.6K shares and a market cap of $42.8 million.
The increase in price could lead to short-term positive performance, but the low volume suggests limited market activity.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
MBIA shares increased by 3.35% to $5.88, with a trading volume of 176.2K shares and a market cap of $288.9 million.
MBIA's stock price growth could suggest a positive short-term trend, supported by a relatively higher trading volume.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Root shares rose by 3.05% to $10.97, with a trading volume of 44.0K shares and a market cap of $151.6 million.
Root's stock price increase is a positive sign for short-term growth, although the trading volume is relatively low.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
SelectQuote stock rose by 8.67% to $1.31 with a trading volume of 309.5K shares, maintaining its market cap at $203.0 million.
The significant intraday rise in stock price suggests positive investor sentiment, which could lead to short-term upward momentum.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80