Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Skyward Specialty Insurance Group Inc shares valued at $511,751 were sold by Robinson Andrew S on Mar 12 ’24. At $35.93 per share, Robinson Andrew S sold 14,243 shares. The insider’s holdings dropped to 46,883 shares worth approximately $1.66 million following the completion of this transaction.
Also, Robinson Andrew S sold 13,407 shares, netting a total of over 477,691 in proceeds. Following the sale of shares at $35.63 each, the insider now holds 61,126 shares.
Before that, Robinson Andrew S had sold 12,109 shares from its account. In a trade valued at $430,596, the CHAIRMAN & CEO traded Skyward Specialty Insurance Group Inc shares for $35.56 each. Upon closing the transaction, the insider’s holdings decreased to 12,109 shares, worth approximately $2.65 million.
As published in their initiating research note from Wolfe Research on January 11, 2024, Skyward Specialty Insurance Group Inc [SKWD] has been an Outperform and the price target has been revised to $39. Analysts at Jefferies started covering the stock with ‘”a Buy”‘ outlook in a report released in mid December. As of July 31, 2023, BMO Capital Markets has initiated its “Market perform” rating for SKWD. Earlier on February 07, 2023, Truist initiated its rating. Their recommendation was “a Buy” for SKWD stock.
Analyzing SKWD Stock Performance
During the last five days, there has been a drop of approximately -2.04%. Over the course of the year, Skyward Specialty Insurance Group Inc shares have jumped approximately 4.78%. Shares of the company reached a 52-week high of $38.64 on 04/04/24 and a 52-week low of $29.40 on 02/05/24. A 50-day SMA is recorded $36.14, while a 200-day SMA reached $30.78. Nevertheless, trading volume fell to 0.4 million shares from 0.34 million shares the previous day.
Support And Resistance Levels for Skyward Specialty Insurance Group Inc (SKWD)
According to the 24-hour chart, there is a support level at 34.75, which, if violated, would cause prices to drop to 34.01. In the upper region, resistance lies at 36.20. The next price resistance is at 36.91. RSI (Relative Strength Index) is 48.05 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.51, which suggests the price will decrease in the coming days. Percent R is at 43.40%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
