Insurance Stocks Moving In Friday's Intraday Session
Portfolio Pulse from Benzinga Insights
Insurance stocks experienced notable movements in Friday's intraday session. SelectQuote, Fanhua, Heritage Insurance Holdings, Universal Insurance Holdings, GoHealth, and Lemonade saw gains, while Reliance Global Group, Cheche Group, Waterdrop, Hippo Holdings, MBIA, and American Coastal experienced declines. The movements were highlighted by percentage changes in stock prices and trading volumes, with market capitalizations also provided for context.
March 08, 2024 | 5:40 pm
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NEGATIVE IMPACT
Hippo Holdings stock decreased by 2.61% to $17.97, with a market cap of $448.5 million. Q4 earnings were released 2 days ago.
The decline in Hippo Holdings' stock following its Q4 earnings release suggests the market's reaction may have been negative, potentially influencing further short-term downward movement.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Reliance Global Group's stock declined by 8.76% to $0.36, with a market cap of $2.0 million.
The significant drop in Reliance Global Group's stock price could reflect negative investor sentiment, potentially leading to further short-term declines.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Fanhua shares increased by 5.53% to $5.05, with a market cap of $272.3 million.
Fanhua's stock price rise suggests a positive market reaction, possibly leading to further gains in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
SelectQuote shares rose by 6.25% to $1.87, with a market cap of $300.8 million.
The increase in SelectQuote's stock price could indicate positive investor sentiment, potentially leading to short-term upward momentum.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90