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 $5.11 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, Yap Shirley Shek Li bought 3,200 shares. Bowhead Specialty Holdings Inc. shares valued at $54,400 were divested by the Chief Accounting Officer at a price of $17.00 per share. As a result of the transaction, Yap Shirley Shek Li now holds 14,964 shares, worth roughly $0.42 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 Friday, Bowhead Specialty Holdings Inc. [NYSE:BOW] saw its stock fall -0.88% to $28.30. Over the last five days, the stock has lost -1.19%. Bowhead Specialty Holdings Inc. shares have risen nearly 18.91% since the year began.
Levels Of Support And Resistance For BOW Stock
The 24-hour chart illustrates a support level at 27.74, which if violated will result in even more drops to 27.18. On the upside, there is a resistance level at 28.87. A further resistance level may holdings at 29.44. The Relative Strength Index (RSI) on the 14-day chart is 43.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.13%. Stochastics %K at 16.44% indicates the stock is a buying.
How much short interest is there in Bowhead Specialty Holdings Inc.?
A steep rise in short interest was recorded in Bowhead Specialty Holdings Inc. stocks on 2024-08-30, dropping by 15394.0 shares to a total of 29768.0 shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 45162.0 shares. There was a decline of -51.71%, which implies that there is a negative sentiment for the stock.
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.
