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Skyward Specialty Insurance Group Inc [SKWD] Insider Activity: An Update for Investors

In a filing, Skyward Specialty Insurance Group Inc revealed its Director Terry Katharine unloaded Company’s shares for reported $60946.0 on Aug 09 ’24. In the deal valued at $36.87 per share,1,653 shares were sold. As a result of this transaction, Terry Katharine now holds 4,001 shares worth roughly $0.16 million.

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Then, Terry Katharine bought 1,653 shares, generating $60,948 in total proceeds.

Before that, WESTAIM Corp sold 5,060,000 shares. Skyward Specialty Insurance Group Inc shares valued at $184,690,000 were divested by the 10% Owner at a price of $36.50 per share. As a result of the transaction, WESTAIM Corp now holds 1,919,639 shares, worth roughly $76.27 million.

Barclays initiated its Skyward Specialty Insurance Group Inc [SKWD] rating to an Equal weight in a research note published on September 05, 2024; the price target was $44. A number of analysts have revised their coverage, including William Blair’s analysts, who began to cover the stock in mid August with a ‘”an Outperform”‘ rating. Oppenheimer began covering SKWD with “an Outperform” recommendation on July 12, 2024. Wolfe Research started covering the stock on January 11, 2024. It rated SKWD as “an Outperform”.

Price Performance Review of SKWD

On Tuesday, Skyward Specialty Insurance Group Inc [NASDAQ:SKWD] saw its stock fall -5.88% to $39.73. Over the last five days, the stock has lost -1.63%. Skyward Specialty Insurance Group Inc shares have risen nearly 17.27% since the year began. Nevertheless, the stocks have risen 66.51% over the past one year. While a 52-week high of $42.26 was reached on 09/09/24, a 52-week low of $22.97 was recorded on 02/05/24. SMA at 50 days reached $38.32, while 200 days put it at $35.63.

Levels Of Support And Resistance For SKWD Stock

The 24-hour chart illustrates a support level at 38.66, which if violated will result in even more drops to 37.60. On the upside, there is a resistance level at 41.28. A further resistance level may holdings at 42.83. The Relative Strength Index (RSI) on the 14-day chart is 51.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.65, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.95%. Stochastics %K at 70.68% indicates the stock is a holding.

How much short interest is there in Skyward Specialty Insurance Group Inc?

A steep rise in short interest was recorded in Skyward Specialty Insurance Group Inc stocks on 2024-08-15, growing by 47805.0 shares to a total of 1.39 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 1.34 million shares. There was a rise of 3.45%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on December 12, 2023 when Jefferies began covering the stock and recommended ‘”a Buy”‘ rating along with a $40 price target.

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