Arch Capital Group Ltd’s recent filing unveils that its Officer Morin Francois acquired Company’s shares for reported $1.17 million on Aug 16 ’24. In the deal valued at $102.46 per share,11,460 shares were bought.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, Gansberg David sold 10,000 shares, generating $966,444 in total proceeds. Upon selling the shares at $96.64, the CEO, GLOBAL MORTGAGE GROUP now owns 228,035 shares.
Before that, Papadopoulo Nicolas sold 60,000 shares. Arch Capital Group Ltd shares valued at $5,251,302 were divested by the OFFICER OF SUBSIDIARY at a price of $87.52 per share. As a result of the transaction, Papadopoulo Nicolas now holds 651,931 shares, worth roughly $66.86 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 Friday, Arch Capital Group Ltd [NASDAQ:ACGL] saw its stock jump 0.89% to $102.55. Over the last five days, the stock has gained 3.81%. Arch Capital Group Ltd shares have risen nearly 38.08% since the year began. Nevertheless, the stocks have risen 33.27% over the past one year. While a 52-week high of $103.79 was reached on 05/23/24, a 52-week low of $72.85 was recorded on 01/02/24. SMA at 50 days reached $98.64, while 200 days put it at $90.11.
Levels Of Support And Resistance For ACGL Stock
The 24-hour chart illustrates a support level at 101.75, which if violated will result in even more drops to 100.96. On the upside, there is a resistance level at 103.12. A further resistance level may holdings at 103.70. The Relative Strength Index (RSI) on the 14-day chart is 64.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.33, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.97%. Stochastics%K at 95.19% indicates the stock is a selling.
How much short interest is there in Arch Capital Group Ltd?
A steep rise in short interest was recorded in Arch Capital Group Ltd stocks on 2024-07-31, dropping by -0.72 million shares to a total of 4.54 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 5.25 million shares. There was a decline of -15.76%, which implies that there is a negative sentiment for the stock.
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.
