Insurance Stocks Moving In Monday's Intraday Session
Portfolio Pulse from Benzinga Insights
In Monday's intraday session, the insurance industry saw significant movements with Reliance Global Group, Crawford, Trupanion, Intl General Insurance, and Cheche Group among the gainers, while Waterdrop, Ambac Financial Group, Maiden Holdings, American Coastal, SelectQuote, and Citizens were the losers. Notable changes were observed in stock prices, with some companies releasing their Q4 earnings reports.
March 04, 2024 | 5:40 pm
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POSITIVE IMPACT
Reliance Global Group's stock surged by 18.84% to $0.61 with a trading volume of 2.2 million shares.
The significant price surge indicates strong investor interest, potentially due to positive market sentiment or company-specific news.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
American Coastal's shares decreased by 5.8% to $11.21 after its Q4 earnings were released 2 days ago.
The decrease in ACIC's stock price is a direct reaction to its recent Q4 earnings announcement, suggesting investor disappointment.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
Ambac Financial Group's stock decreased by 6.98% to $15.06, following its Q4 earnings report released 4 days ago.
The drop in AMBC's stock price likely results from investor reactions to its Q4 earnings report, indicating potential concerns.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
Waterdrop's shares fell by 7.43% to $1.19 with a trading volume of 366.8K shares.
The decline in Waterdrop's stock price could reflect negative investor sentiment or reactions to recent company developments.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90