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Recent Insider Activity Could Benefit Arch Capital Group Ltd (ACGL)

Arch Capital Group Ltd’s filing revealed that its CEO, GLOBAL MORTGAGE GROUP Gansberg David unloaded Company’s shares for reported $0.97 million on May 06 ’24. In the deal valued at $96.64 per share,10,000 shares were sold. As a result of this transaction, Gansberg David now holds 228,035 shares worth roughly $22.94 million.

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Then, Papadopoulo Nicolas sold 60,000 shares, generating $5,251,302 in total proceeds. Upon selling the shares at $87.52, the OFFICER OF SUBSIDIARY now owns 651,931 shares.

Before that, Morin Francois sold 25,689 shares. Arch Capital Group Ltd shares valued at $2,247,030 were divested by the EVP AND CFO at a price of $87.47 per share. As a result of the transaction, Morin Francois now holds 221,779 shares, worth roughly $22.31 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 0.01% to $100.58. Over the last five days, the stock has lost -1.10%. Arch Capital Group Ltd shares have risen nearly 35.42% since the year began. Nevertheless, the stocks have risen 41.68% over the past one year. While a 52-week high of $103.79 was reached on 05/23/24, a 52-week low of $69.49 was recorded on 01/02/24. SMA at 50 days reached $96.41, while 200 days put it at $85.84. A total of 0.95 million shares were traded, compared to the trading of 0.8 million shares in the previous session.

Levels Of Support And Resistance For ACGL Stock

The 24-hour chart illustrates a support level at 99.86, which if violated will result in even more drops to 99.15. On the upside, there is a resistance level at 101.10. A further resistance level may holdings at 101.63. The Relative Strength Index (RSI) on the 14-day chart is 55.23, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 66.46%. Stochastics %K at 30.02% 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.

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