Insurance Stocks Moving In Thursday's Intraday Session
Portfolio Pulse from Benzinga Insights
In Thursday's intraday session, insurance stocks saw significant movement. Marpai, FG Finl Gr, Cheche Group, Tiptree, Tian Ruixiang Holdings, and Waterdrop were among the gainers, with Marpai leading with a 32.55% increase. On the losing side, eHealth, SelectQuote, Huize Holding, GoHealth, Fanhua, and Hamilton Insurance Group saw declines, with eHealth dropping 19.18%. Trading volumes for these stocks were at 0% of their average full-day volume over the last 100 days, and market caps varied from $1.8 million for TIRX to $1.6 billion for HG.
January 18, 2024 | 5:40 pm
News sentiment analysis
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NEGATIVE IMPACT
eHealth's stock plummeted by 19.18% to $5.65, with a trading volume of 1.3 million shares.
The significant drop in eHealth's stock price could lead to negative investor sentiment and further short-term declines.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Fanhua's shares fell by 2.8% to $6.27, with a trading volume of 14.7K shares.
Fanhua's stock price decrease may not have a strong short-term impact due to the relatively low trading volume.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
GoHealth's stock fell by 7.67% to $11.45, with a trading volume of 39.9K shares.
GoHealth's stock price decline is a negative sign, though the trading volume indicates a moderate short-term impact.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Hamilton Insurance Group's stock declined by 2.68% to $14.94, with a trading volume of 93.6K shares.
The decline in Hamilton Insurance Group's stock price is negative, but the average trading volume suggests a moderate short-term impact.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Huize Holding's shares declined by 7.9% to $0.7, with a trading volume of 62.2K shares.
The drop in Huize Holding's stock price is a negative indicator, but the trading volume suggests a moderate short-term impact.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
SelectQuote's stock decreased by 10.35% to $1.04, with a trading volume of 642.8K shares.
SelectQuote's notable stock price drop could negatively affect investor confidence, potentially leading to further short-term declines.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Cheche Group's stock rose by 4.63% to $6.09, with a trading volume of 959 shares.
The increase in Cheche Group's stock price is positive, but the minimal trading volume indicates a neutral short-term impact.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
FG Finl Gr's stock increased by 6.34% to $1.43 with a low trading volume of 2.1K shares.
The rise in stock price is a positive sign, but the low trading volume suggests limited market engagement, which may temper short-term impact.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Marpai's stock soared by 32.55% to $1.12 with a trading volume of 14.3 million shares.
The substantial increase in Marpai's stock price could attract more investor interest in the short term, potentially maintaining the upward momentum.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Tiptree's stock appreciated by 2.83% to $19.59, with a trading volume of 25.7K shares.
Tiptree's stock price gain is a positive development, though the average trading volume suggests a moderate short-term impact.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Tian Ruixiang Holdings' shares increased by 2.82% to $0.58, with a trading volume of 2.7K shares.
The slight increase in TIRX's stock price may not have a significant short-term impact due to the low trading volume.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Waterdrop's shares rose by 2.49% to $1.0, with a trading volume of 50.8K shares.
Waterdrop's stock price increase is modestly positive, but the trading volume suggests a limited short-term impact.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70