Insurance Stocks Moving In Friday's Intraday Session
Portfolio Pulse from Benzinga Insights
In Friday's intraday session, insurance stocks saw significant movements. eHealth (EHTH) led the gainers with a 24.19% increase, while Marpai (MRAI) experienced the largest decline, dropping 16.09%. Other notable gainers included Cheche Group (CCG), SelectQuote (SLQT), Palomar Holdings (PLMR), Donegal Group (DGICB), and Tian Ruixiang Holdings (TIRX). On the losing side, Huize Holding (HUIZ), American Coastal (ACIC), Oxbridge Re Holdings (OXBR), Reliance Global Group (RELI), and Arthur J. Gallagher (AJG) saw their shares fall, with AJG reporting Q4 earnings yesterday.
January 26, 2024 | 5:40 pm
News sentiment analysis
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POSITIVE IMPACT
eHealth shares surged 24.19% to $6.93 with a volume of 1.4 million shares.
The significant increase in eHealth's share price suggests positive investor sentiment which could lead to a short-term bullish trend.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Arthur J. Gallagher's stock decreased by 2.22% to $232.47 following their Q4 earnings report.
The drop in AJG's stock price post-earnings indicates that the results may not have met investor expectations, potentially leading to a short-term negative impact.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 80
NEGATIVE IMPACT
Marpai's stock declined by 16.09% to $1.2 with a trading volume of 386.6K shares.
The sharp decline in Marpai's stock price could reflect negative market reaction, possibly leading to further short-term downside.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90