In a filing, Skyward Specialty Insurance Group Inc revealed its CHAIRMAN & CEO Robinson Andrew S unloaded Company’s shares for reported $0.51 million on Mar 12 ’24. In the deal valued at $35.93 per share,14,243 shares were sold. As a result of this transaction, Robinson Andrew S now holds 46,883 shares worth roughly $1.67 million.
Then, Robinson Andrew S sold 13,407 shares, generating $477,691 in total proceeds. Upon selling the shares at $35.63, the CHAIRMAN & CEO now owns 61,126 shares.
Before that, Robinson Andrew S sold 12,109 shares. Skyward Specialty Insurance Group Inc shares valued at $430,596 were divested by the CHAIRMAN & CEO at a price of $35.56 per share. As a result of the transaction, Robinson Andrew S now holds 74,533 shares, worth roughly $2.65 million.
Wolfe Research initiated its Skyward Specialty Insurance Group Inc [SKWD] rating to an Outperform in a research note published on January 11, 2024; the price target was $39. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in mid December with a ‘”a Buy”‘ rating. BMO Capital Markets began covering SKWD with “Market perform” recommendation on July 31, 2023. Truist started covering the stock on February 07, 2023. It rated SKWD as “a Buy”.
Price Performance Review of SKWD
On Tuesday, Skyward Specialty Insurance Group Inc [NASDAQ:SKWD] saw its stock fall -0.50% to $35.59. Over the last five days, the stock has lost -5.30%. Skyward Specialty Insurance Group Inc shares have risen nearly 5.05% since the year began. Nevertheless, the stocks have risen 68.04% over the past one year. While a 52-week high of $38.64 was reached on 04/04/24, a 52-week low of $20.81 was recorded on 02/05/24. SMA at 50 days reached $35.33, while 200 days put it at $30.20. A total of 0.26 million shares were traded, compared to the trading of 0.21 million shares in the previous session.
Levels Of Support And Resistance For SKWD Stock
The 24-hour chart illustrates a support level at 35.23, which if violated will result in even more drops to 34.88. On the upside, there is a resistance level at 35.98. A further resistance level may holdings at 36.37. The Relative Strength Index (RSI) on the 14-day chart is 43.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.50%. Stochastics %K at 9.57% indicates the stock is a buying.
The most recent change occurred on February 07, 2023 when Raymond James began covering the stock and recommended ‘”a Strong buy”‘ rating along with a $22 price target.
