Arch Capital Group Ltd’s recent filing unveils that its EVP AND CFO Morin Francois unloaded Company’s shares for reported $1.17 million on Aug 16 ’24. In the deal valued at $102.46 per share,11,460 shares were sold. As a result of this transaction, Morin Francois now holds 221,779 shares worth roughly $20.72 million.
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Then, Morin Francois bought 11,460 shares, generating $1,174,170 in total proceeds.
Before that, Gansberg David sold 10,000 shares. Arch Capital Group Ltd shares valued at $966,444 were divested by the CEO, GLOBAL MORTGAGE GROUP at a price of $96.64 per share. As a result of the transaction, Gansberg David now holds 228,035 shares, worth roughly $21.3 million.
Barclays initiated its Arch Capital Group Ltd [ACGL] rating to an Equal weight in a research note published on September 05, 2024; the price target was $120. A number of analysts have revised their coverage, including ROTH MKM’s analysts, who remained covering the stock and in late August has reiterated a ‘”a Buy”‘ rating for it. TD Cowen began covering ACGL with “an Outperform” recommendation on January 10, 2024. Evercore ISI started covering the stock on December 14, 2023. It rated ACGL as “an In-line”.
Price Performance Review of ACGL
On Friday, Arch Capital Group Ltd [NASDAQ:ACGL] saw its stock fall -0.53% to $93.42. Over the last five days, the stock has lost -4.51%. Arch Capital Group Ltd shares have risen nearly 32.28% since the year began. Nevertheless, the stocks have risen 25.34% over the past one year. While a 52-week high of $110.75 was reached on 10/07/24, a 52-week low of $69.27 was recorded on 01/02/24. SMA at 50 days reached $102.31, while 200 days put it at $100.21.
Levels Of Support And Resistance For ACGL Stock
The 24-hour chart illustrates a support level at 93.08, which if violated will result in even more drops to 92.73. On the upside, there is a resistance level at 94.05. A further resistance level may holdings at 94.67. The Relative Strength Index (RSI) on the 14-day chart is 35.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.78, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.13%. Stochastics %K at 15.97% indicates the stock is a buying.
How much short interest is there in Arch Capital Group Ltd?
A steep rise in short interest was recorded in Arch Capital Group Ltd stocks on 2024-11-29, growing by 0.54 million shares to a total of 5.04 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 4.5 million shares. There was a rise of 10.71%, 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 Neutral”‘ rating along with a $91 price target.
