Insurance Stocks Moving In Monday's Intraday Session
Portfolio Pulse from Benzinga Insights
In Monday's intraday session, insurance stocks saw significant movement. Marpai, MBIA, Hippo Holdings, Root, Investors Title, and ProAssurance experienced gains, while Tian Ruixiang Holdings, Global Indemnity Group, Fanhua, Palomar Holdings, Cheche Group, and Aon saw declines. The movements were reported with respect to the stocks' prices, trading volumes, and market capitalizations.
January 22, 2024 | 5:40 pm
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NEGATIVE IMPACT
Aon stock declined by 1.05% to $308.33, with a trading volume of 330.8K shares.
As a large cap company, Aon's stock movement is closely watched, and a 1.05% decline could influence short-term market sentiment.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Cheche Group shares decreased by 1.19% to $5.86, with a volume of 4.7K shares.
The slight decline in share price on low volume may not significantly impact the stock's short-term trajectory.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Fanhua shares declined by 2.09% to $6.11, with a trading volume of 9.5K shares.
The decrease in price could indicate a bearish outlook, potentially impacting the stock negatively in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Global Indemnity Group's shares decreased by 3.17% to $29.02, with a volume of 1.7K shares.
The stock's decline, despite low volume, suggests potential negative market sentiment that may persist in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Palomar Holdings shares fell by 1.46% to $61.59, with a volume of 46.9K shares.
The stock's price drop could be a sign of short-term negative sentiment among investors.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Tian Ruixiang Holdings shares fell by 3.54% to $0.53, with a volume of 16.2K shares.
The decline in share price could reflect negative sentiment, possibly leading to further short-term depreciation.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Hippo Holdings' shares rose by 6.28% to $8.96 with a current volume of 75.8K shares.
The increase in share price suggests a positive trend, potentially leading to further short-term gains.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Investors Title shares increased by 5.15% to $164.88, trading at a volume of 4.1K shares.
The gain in share price, even with low volume, indicates a positive perception that may impact short-term trading.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
MBIA shares increased by 7.07% to $6.36 with a volume of 348.9K shares.
The upward movement in price indicates positive momentum that could attract more investors in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Marpai's stock surged 18.96% to $1.38 with a trading volume of 1.2 million shares.
The significant price surge and high trading volume relative to its average suggest a strong positive investor sentiment, likely to continue in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
ProAssurance stock rose 4.72% to $13.73, with a volume of 101.5K shares.
The stock's rise could signal continued investor interest, potentially affecting its short-term price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Root's stock appreciated by 6.06% to $9.45, with a trading volume of 58.8K.
The positive price action could indicate investor confidence, potentially leading to more short-term upside.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80