Bowhead Specialty Holdings Inc.’s filing revealed that its CEO and President Sills Stephen Jay acquired Company’s shares for reported $1.0 million on May 28 ’24. In the deal valued at $17.00 per share,58,824 shares were bought. As a result of this transaction, Sills Stephen Jay now holds 180,588 shares worth roughly $4.67 million.
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Then, Newman David John bought 26,815 shares, generating $546,050 in total proceeds. Upon buying the shares at $20.36, the Chief Underwriting Officer now owns 49,344 shares.
Before that, Fondriest Fabian bought 12,000 shares. Bowhead Specialty Holdings Inc. shares valued at $204,000 were divested by the Director at a price of $17.00 per share. As a result of the transaction, Fondriest Fabian now holds 29,647 shares, worth roughly $0.77 million.
RBC Capital Mkts initiated its Bowhead Specialty Holdings Inc. [BOW] rating to an Outperform in a research note published on June 17, 2024; the price target was $32. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who began to cover the stock in mid June with a ‘”an Equal-weight”‘ rating. Keefe Bruyette began covering BOW with “Mkt perform” recommendation on June 17, 2024. JP Morgan started covering the stock on June 17, 2024. It rated BOW as “a Neutral”.
Price Performance Review of BOW
On Tuesday, Bowhead Specialty Holdings Inc. [NYSE:BOW] saw its stock jump 2.95% to $25.84. Over the last five days, the stock has gained 5.95%. Bowhead Specialty Holdings Inc. shares have risen nearly 8.57% since the year began.
Levels Of Support And Resistance For BOW Stock
The 24-hour chart illustrates a support level at 25.03, which if violated will result in even more drops to 24.22. On the upside, there is a resistance level at 26.39. A further resistance level may holdings at 26.94. The Moving Average Convergence Divergence (MACD) stands at 0.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 35.10%. Stochastics%K at 52.40% indicates the stock is a holding.
The most recent change occurred on June 17, 2024 when JMP Securities began covering the stock and recommended ‘”a Mkt outperform”‘ rating along with a $31 price target.
