In a filing, Arch Capital Group Ltd revealed its OFFICER OF SUBSIDIARY Papadopoulo Nicolas unloaded Company’s shares for reported $5.25 million on Mar 07 ’24. In the deal valued at $87.52 per share,60,000 shares were sold. As a result of this transaction, Papadopoulo Nicolas now holds 651,931 shares worth roughly $61.18 million.
Then, Morin Francois sold 25,689 shares, generating $2,247,030 in total proceeds. Upon selling the shares at $87.47, the EVP AND CFO now owns 221,779 shares.
Before that, Rajeh Maamoun sold 50,000 shares. Arch Capital Group Ltd shares valued at $4,374,025 were divested by the CHAIRMAN & CEO ARCH RE GROUP at a price of $87.48 per share. As a result of the transaction, Rajeh Maamoun now holds 336,170 shares, worth roughly $31.55 million.
TD Cowen initiated its Arch Capital Group Ltd [ACGL] rating to an Outperform in a research note published on January 10, 2024; the price target was $96. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who began to cover the stock in mid December with a ‘”an In-line”‘ rating. Citigroup began covering ACGL with “Neutral” recommendation on November 22, 2023. Deutsche Bank started covering the stock on October 05, 2023. It rated ACGL as “a Buy”.
Price Performance Review of ACGL
On Monday, Arch Capital Group Ltd [NASDAQ:ACGL] saw its stock jump 0.99% to $93.85. Over the last five days, the stock has gained 4.56%. Arch Capital Group Ltd shares have risen nearly 26.36% since the year began. Nevertheless, the stocks have risen 30.00% over the past one year. While a 52-week high of $95.01 was reached on 04/05/24, a 52-week low of $69.05 was recorded on 01/02/24. SMA at 50 days reached $89.53, while 200 days put it at $82.29. A total of 1.28 million shares were traded, compared to the trading of 1.53 million shares in the previous session.
Levels Of Support And Resistance For ACGL Stock
The 24-hour chart illustrates a support level at 93.03, which if violated will result in even more drops to 92.22. On the upside, there is a resistance level at 94.63. A further resistance level may holdings at 95.42. The Relative Strength Index (RSI) on the 14-day chart is 60.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.80, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 20.07%. Stochastics %K at 60.44% indicates the stock is a holding.
The most recent change occurred on September 08, 2023 when Goldman began covering the stock and recommended ‘”a Neutral”‘ rating along with a $80 price target.
