The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Bowhead Specialty Holdings Inc. shares valued at $1,000,008 were purchased by Sills Stephen Jay on May 28 ’24. At $17.00 per share, Sills Stephen Jay acquired 58,824 shares. The insider’s holdings grew to 180,588 shares worth approximately $5.33 million following the completion of this transaction.
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Also, Newman David John purchased 26,815 shares, netting a total of over 546,050 in proceeds. Following the buying of shares at $20.36 each, the insider now holds 49,344 shares.
Before that, Yap Shirley Shek Li had added 3,200 shares to its account. In a trade valued at $54,400, the Chief Accounting Officer bought Bowhead Specialty Holdings Inc. shares for $17.00 each. Upon closing the transaction, the insider’s holdings increased to 3,200 shares, worth approximately $0.44 million.
As published in their initiating research note from RBC Capital Mkts on June 17, 2024, Bowhead Specialty Holdings Inc. [BOW] has been an Outperform and the price target has been revised to $32. Analysts at Morgan Stanley started covering the stock with ‘”an Equal-weight”‘ outlook in a report released in mid June. As of June 17, 2024, Keefe Bruyette has initiated its “Mkt perform” rating for BOW. Earlier on June 17, 2024, JP Morgan initiated its rating. Their recommendation was “a Neutral” for BOW stock.
Analyzing BOW Stock Performance
During the last five days, there has been a drop of approximately -7.23%. Over the course of the year, Bowhead Specialty Holdings Inc. shares have jumped approximately 23.99%. Nevertheless, trading volume fell to 2.25 million shares from 0.27 million shares the previous day.
Support And Resistance Levels for Bowhead Specialty Holdings Inc. (BOW)
According to the 24-hour chart, there is a support level at 29.04, which, if violated, would cause prices to drop to 28.56. In the upper region, resistance lies at 30.19. The next price resistance is at 30.87. RSI (Relative Strength Index) is 50.77 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.25, which suggests the price will decrease in the coming days. Percent R is at 61.35%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
