Insurance Stocks Moving In Tuesday's Intraday Session
Portfolio Pulse from Benzinga Insights
In Tuesday's intraday session, insurance stocks saw significant movements. Trupanion, Skyward Specialty, Marpai, Fanhua, Ambac Financial Group, and Tiptree were among the gainers, with Trupanion leading by a 7.88% increase. Conversely, Cheche Group, Maiden Holdings, SelectQuote, Huize Holding, Crawford, and Investors Title were the losers, with Cheche Group experiencing the largest decline at 9.06%. These movements were influenced by factors such as recent Q4 earnings reports.
February 20, 2024 | 5:40 pm
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POSITIVE IMPACT
Trupanion's stock rose by 7.88% to $24.68, with a volume of 839.9K shares. The company's market cap is $951.4 million, following its Q4 earnings report 3 days ago.
The positive movement in Trupanion's stock is likely due to its recent Q4 earnings report, which may have exceeded market expectations, leading to increased investor confidence.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Cheche Group's shares declined by 9.06% to $4.92, with a trading volume of 33.0K shares. The company's market value is at $378.7 million.
The decline in Cheche Group's stock could be attributed to market reactions to recent company developments or broader industry trends that negatively impacted investor sentiment.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90