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Keeping an Eye on Skyward Specialty Insurance Group Inc (SKWD) After Insider Trading Activity

Skyward Specialty Insurance Group Inc’s recent filing unveils that its CHAIRMAN & CEO Robinson Andrew S unloaded Company’s shares for reported $0.88 million on May 10 ’24. In the deal valued at $37.21 per share,23,533 shares were sold. As a result of this transaction, Robinson Andrew S now holds 83,154 shares worth roughly $3.21 million.

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Then, Hill Kirby sold 8,500 shares, generating $314,670 in total proceeds. Upon selling the shares at $37.02, the PRESIDENT – INDUSTRY SOLUTIONS now owns 13,946 shares.

Before that, HAUSHILL MARK W sold 3,244 shares. Skyward Specialty Insurance Group Inc shares valued at $120,612 were divested by the EVP & CFO at a price of $37.18 per share. As a result of the transaction, HAUSHILL MARK W now holds 177,886 shares, worth roughly $6.86 million.

Oppenheimer initiated its Skyward Specialty Insurance Group Inc [SKWD] rating to an Outperform in a research note published recently. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who began to cover the stock in mid January with a ‘”an Outperform”‘ rating. Jefferies began covering SKWD with “Buy” recommendation on December 12, 2023. BMO Capital Markets started covering the stock on July 31, 2023. It rated SKWD as “a Market perform”.

Price Performance Review of SKWD

On Monday, Skyward Specialty Insurance Group Inc [NASDAQ:SKWD] saw its stock fall -1.78% to $38.59. Over the last five days, the stock has lost -0.13%. Skyward Specialty Insurance Group Inc shares have risen nearly 13.90% since the year began. Nevertheless, the stocks have risen 63.79% over the past one year. While a 52-week high of $40.38 was reached on 07/19/24, a 52-week low of $22.97 was recorded on 02/05/24. SMA at 50 days reached $36.90, while 200 days put it at $34.43. A total of 0.45 million shares were traded, compared to the trading of 0.36 million shares in the previous session.

Levels Of Support And Resistance For SKWD Stock

The 24-hour chart illustrates a support level at 37.60, which if violated will result in even more drops to 36.62. On the upside, there is a resistance level at 39.14. A further resistance level may holdings at 39.69. The Relative Strength Index (RSI) on the 14-day chart is 53.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 55.66%. Stochastics%K at 53.66% indicates the stock is a holding.

The most recent change occurred on February 07, 2023 when Truist began covering the stock and recommended ‘”a Buy”‘ rating along with a $26 price target.

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