Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. RenaissanceRe Holdings Ltd shares valued at $279,000 were purchased by Marra David E on Oct 04 ’24. At $279.00 per share, Marra David E acquired 1,000 shares.
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Also, Marra David E sold 1,000 shares, netting a total of over 279,000 in proceeds. Following the sale of shares at $279.00 each, the insider now holds 82,044 shares.
Before that, Marra David E had sold 1,000 shares from its account. In a trade valued at $269,000, the EVP,Chief Underwriting Officer traded RenaissanceRe Holdings Ltd shares for $269.00 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $23.15 million.
As published in their initiating research note from Barclays on September 05, 2024, RenaissanceRe Holdings Ltd [RNR] has been an Equal weight and the price target has been revised to $287. Analysts at TD Cowen started covering the stock with ‘”a Market perform”‘ outlook in a report released in early January. Earlier on December 14, 2023, Evercore ISI initiated its rating. Their recommendation was “an Underperform” for RNR stock.
Analyzing RNR Stock Performance
During the last five days, there has been a surge of approximately 1.80%. Over the course of the year, RenaissanceRe Holdings Ltd shares have jumped approximately 42.24%. Shares of the company reached a 52-week high of $283.86 on 10/10/24 and a 52-week low of $196.95 on 01/02/24. A 50-day SMA is recorded $254.28, while a 200-day SMA reached $230.17. Nevertheless, trading volume fell to 0.7 million shares from 0.93 million shares the previous day.
Support And Resistance Levels for RenaissanceRe Holdings Ltd (RNR)
According to the 24-hour chart, there is a support level at 274.55, which, if violated, would cause prices to drop to 270.30. In the upper region, resistance lies at 283.45. The next price resistance is at 288.11. RSI (Relative Strength Index) is 61.43 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.85, which suggests the price will increase in the coming days. Percent R is at 15.62%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
