Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. RenaissanceRe Holdings Ltd shares valued at $450,048 were sold by Klehm Henry III on Nov 18 ’24. At $257.61 per share, Klehm Henry III sold 1,747 shares. The insider’s holdings dropped to 19,164 shares worth approximately $4.64 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Klehm Henry III purchased 1,747 shares, netting a total of over 450,048 in proceeds.
Before that, Marra David E had sold 1,000 shares from its account. In a trade valued at $260,000, the EVP,Chief Underwriting Officer traded RenaissanceRe Holdings Ltd shares for $260.00 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $19.45 million.
As published in a research note from Jefferies on December 18, 2024, RenaissanceRe Holdings Ltd [RNR] has been rated down from a Buy to a Hold and the price target has been revised to $282 from $304. Analysts at Barclays started covering the stock with ‘”an Equal weight”‘ outlook in a report released in early September. As of January 10, 2024, TD Cowen has initiated its “Market perform” rating for RNR.
Analyzing RNR Stock Performance
During the last five days, there has been a drop of approximately -10.64%. Over the course of the year, RenaissanceRe Holdings Ltd shares have jumped approximately 23.45%. Shares of the company reached a 52-week high of $300.00 on 11/07/24 and a 52-week low of $196.95 on 01/02/24. A 50-day SMA is recorded $271.47, while a 200-day SMA reached $243.58. Nevertheless, trading volume fell to 0.81 million shares from 0.67 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 237.82, which, if violated, would cause prices to drop to 233.68. In the upper region, resistance lies at 249.84. The next price resistance is at 257.71. RSI (Relative Strength Index) is 25.39 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -20.37, which suggests the price will decrease in the coming days. Percent R is at 99.15%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
