RenaissanceRe Holdings Ltd’s filing revealed that 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 $21.91 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 Tuesday, RenaissanceRe Holdings Ltd [NYSE:RNR] saw its stock fall -0.35% to $263.83. Over the last five days, the stock has lost -2.03%. RenaissanceRe Holdings Ltd shares have risen nearly 34.61% since the year began. Nevertheless, the stocks have risen 25.68% over the past one year. While a 52-week high of $300.00 was reached on 11/07/24, a 52-week low of $188.24 was recorded on 01/02/24. SMA at 50 days reached $267.99, while 200 days put it at $237.94.
Levels Of Support And Resistance For RNR Stock
The 24-hour chart illustrates a support level at 262.29, which if violated will result in even more drops to 260.75. On the upside, there is a resistance level at 265.59. A further resistance level may holdings at 267.35. The Relative Strength Index (RSI) on the 14-day chart is 45.08, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.05%. Stochastics %K at 19.05% indicates the stock is a buying.
How much short interest is there in RenaissanceRe Holdings Ltd?
A steep rise in short interest was recorded in RenaissanceRe Holdings Ltd stocks on 2024-10-31, growing by 0.32 million shares to a total of 1.66 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.34 million shares. There was a rise of 19.15%, 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.
