Following these proceedings, Barclays initiated its W.R. Berkley Corp. [WRB] rating to an Underweight in a research note published on September 05, 2024; the price target was $56. A number of analysts have revised their coverage, including TD Cowen’s analysts, who began to cover the stock in early July with a ‘”a Buy”‘ rating. Goldman also remained covering WRB and has decreased its forecast on June 13, 2024 with a “Neutral” recommendation from previously “Buy” rating. Evercore ISI revised its rating on January 09, 2024. It rated WRB as “an In-line” which previously was an “an Outperform”.
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Price Performance Review of WRB
On Tuesday, W.R. Berkley Corp. [NYSE:WRB] saw its stock fall -4.10% to $58.53. Over the last five days, the stock has lost -0.66%. W.R. Berkley Corp. shares have risen nearly 25.47% since the year began. Nevertheless, the stocks have risen 41.21% over the past one year. While a 52-week high of $61.96 was reached on 10/21/24, a 52-week low of $41.09 was recorded on 01/02/24. SMA at 50 days reached $58.22, while 200 days put it at $55.06.
Levels Of Support And Resistance For WRB Stock
The 24-hour chart illustrates a support level at 57.49, which if violated will result in even more drops to 56.44. On the upside, there is a resistance level at 60.04. A further resistance level may holdings at 61.54. The Relative Strength Index (RSI) on the 14-day chart is 50.21, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.44, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 57.65%. Stochastics %K at 73.55% indicates the stock is a holding.
How much short interest is there in W.R. Berkley Corp.?
A steep rise in short interest was recorded in W.R. Berkley Corp. stocks on 2024-09-30, dropping by -1.92 million shares to a total of 6.12 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 8.04 million shares. There was a decline of -31.42%, which implies that there is a negative sentiment for the stock.
