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Arch Capital Group Ltd [ACGL] Records 200-Day SMA of $88.04

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Arch Capital Group Ltd shares valued at $966,444 were sold by Gansberg David on May 06 ’24. At $96.64 per share, Gansberg David sold 10,000 shares. The insider’s holdings dropped to 228,035 shares worth approximately $22.23 million following the completion of this transaction.

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Also, Papadopoulo Nicolas sold 60,000 shares, netting a total of over 5,251,302 in proceeds. Following the sale of shares at $87.52 each, the insider now holds 651,931 shares.

Before that, Morin Francois had sold 25,689 shares from its account. In a trade valued at $2,247,030, the EVP AND CFO traded Arch Capital Group Ltd shares for $87.47 each. Upon closing the transaction, the insider’s holdings decreased to 25,689 shares, worth approximately $21.62 million.

As published in their initiating research note from TD Cowen on January 10, 2024, Arch Capital Group Ltd [ACGL] has been an Outperform and the price target has been revised to $96. Analysts at Evercore ISI started covering the stock with ‘”an In-line”‘ outlook in a report released in mid December. As of November 22, 2023, Citigroup has initiated its “Neutral” rating for ACGL. Earlier on October 05, 2023, Deutsche Bank initiated its rating. Their recommendation was “a Buy” for ACGL stock.

Analyzing ACGL Stock Performance

During the last five days, there has been a drop of approximately -2.50%. Over the course of the year, Arch Capital Group Ltd shares have jumped approximately 31.28%. Shares of the company reached a 52-week high of $103.79 on 05/23/24 and a 52-week low of $74.28 on 01/02/24. A 50-day SMA is recorded $99.49, while a 200-day SMA reached $88.04. Nevertheless, trading volume fell to 1.05 million shares from 1.46 million shares the previous day.

Support And Resistance Levels for Arch Capital Group Ltd (ACGL)

According to the 24-hour chart, there is a support level at 97.08, which, if violated, would cause prices to drop to 96.67. In the upper region, resistance lies at 98.15. The next price resistance is at 98.81. RSI (Relative Strength Index) is 40.81 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.14, which suggests the price will decrease in the coming days. Percent R is at 93.40%, indicating bearish price movement. Stochastics%K at buying indicates that the stock is to be held.

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