In a filing, RenaissanceRe Holdings Ltd revealed its Officer Marra David E acquired Company’s shares for reported $0.28 million on Oct 04 ’24. In the deal valued at $279.00 per share,1,000 shares were bought.
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Then, Marra David E sold 1,000 shares, generating $279,000 in total proceeds. Upon selling the shares at $279.00, the EVP,Chief Underwriting Officer now owns 82,044 shares.
Before that, Marra David E sold 1,000 shares. RenaissanceRe Holdings Ltd shares valued at $269,000 were divested by the EVP,Chief Underwriting Officer at a price of $269.00 per share. As a result of the transaction, Marra David E now holds 83,044 shares, worth roughly $21.08 million.
Barclays initiated its RenaissanceRe Holdings Ltd [RNR] rating to an Equal weight in a research note published on September 05, 2024; the price target was $287. A number of analysts have revised their coverage, including TD Cowen’s analysts, who began to cover the stock in early January with a ‘”a Market perform”‘ rating. Evercore ISI started covering the stock on December 14, 2023. It rated RNR as “an Underperform”.
Price Performance Review of RNR
On Monday, RenaissanceRe Holdings Ltd [NYSE:RNR] saw its stock fall -9.25% to $253.81. Over the last five days, the stock has lost -6.82%. RenaissanceRe Holdings Ltd shares have risen nearly 29.49% since the year began. Nevertheless, the stocks have risen 23.23% over the past one year. While a 52-week high of $279.76 was reached on 10/04/24, a 52-week low of $188.24 was recorded on 01/02/24. SMA at 50 days reached $251.77, while 200 days put it at $229.01.
Levels Of Support And Resistance For RNR Stock
The 24-hour chart illustrates a support level at 245.08, which if violated will result in even more drops to 236.36. On the upside, there is a resistance level at 268.95. A further resistance level may holdings at 284.10. The Relative Strength Index (RSI) on the 14-day chart is 42.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.50, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bearish at 91.83%. Stochastics %K at 64.39% indicates the stock is a holding.
How much short interest is there in RenaissanceRe Holdings Ltd?
A steep rise in short interest was recorded in RenaissanceRe Holdings Ltd stocks on 2024-09-13, growing by 0.25 million shares to a total of 1.54 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 1.29 million shares. There was a rise of 16.01%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on November 22, 2023 when Citigroup began covering the stock and recommended ‘”a Buy”‘ rating along with a $251 price target.
