RenaissanceRe Holdings Ltd’s recent filing unveils that its Director BUSHNELL DAVID C unloaded Company’s shares for reported $0.45 million on May 15 ’24. In the deal valued at $222.69 per share,2,000 shares were sold. As a result of this transaction, BUSHNELL DAVID C now holds 18,011 shares worth roughly $4.17 million.
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Then, Marra David E sold 750 shares, generating $179,250 in total proceeds. Upon selling the shares at $239.00, the EVP,Chief Underwriting Officer now owns 86,544 shares.
Before that, Sanders Carol P sold 880 shares. RenaissanceRe Holdings Ltd shares valued at $200,281 were divested by the Director at a price of $227.59 per share. As a result of the transaction, Sanders Carol P now holds 5,363 shares, worth roughly $1.24 million.
TD Cowen initiated its RenaissanceRe Holdings Ltd [RNR] rating to a Market perform in a research note published recently. Evercore ISI began covering RNR with “an Underperform” recommendation on December 14, 2023. Citigroup started covering the stock on November 22, 2023. It rated RNR as “a Buy”.
Price Performance Review of RNR
On Tuesday, RenaissanceRe Holdings Ltd [NYSE:RNR] saw its stock jump 1.92% to $231.77. Over the last five days, the stock has gained 3.86%. RenaissanceRe Holdings Ltd shares have risen nearly 18.25% since the year began. Nevertheless, the stocks have risen 16.55% over the past one year. While a 52-week high of $239.42 was reached on 03/15/24, a 52-week low of $174.22 was recorded on 01/02/24. SMA at 50 days reached $225.98, while 200 days put it at $211.76. A total of 0.27 million shares were traded, compared to the trading of 0.19 million shares in the previous session.
Levels Of Support And Resistance For RNR Stock
The 24-hour chart illustrates a support level at 228.98, which if violated will result in even more drops to 226.20. On the upside, there is a resistance level at 233.18. A further resistance level may holdings at 234.60. The Relative Strength Index (RSI) on the 14-day chart is 63.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.65, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.22%. Stochastics %K at 81.59% indicates the stock is a selling.
The most recent change occurred on September 08, 2023 when Goldman began covering the stock and recommended ‘”a Buy”‘ rating along with a $242 price target.
