RenaissanceRe Holdings Ltd’s recent filing unveils that its Director Klehm Henry III unloaded Company’s shares for reported $0.45 million on Nov 18 ’24. In the deal valued at $257.61 per share,1,747 shares were sold. As a result of this transaction, Klehm Henry III now holds 19,164 shares worth roughly $4.79 million.
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Then, Klehm Henry III bought 1,747 shares, generating $450,048 in total proceeds.
Before that, Marra David E sold 1,000 shares. RenaissanceRe Holdings Ltd shares valued at $260,000 were divested by the EVP,Chief Underwriting Officer at a price of $260.00 per share. As a result of the transaction, Marra David E now holds 80,392 shares, worth roughly $20.09 million.
Jefferies downgraded its RenaissanceRe Holdings Ltd [RNR] rating to a Hold from a a Buy in a research note published on December 18, 2024; the price target was decreased to $282 from $304. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in early September with a ‘”an Equal weight”‘ rating. TD Cowen began covering RNR with “Market perform” recommendation on January 10, 2024.
Price Performance Review of RNR
On Tuesday, RenaissanceRe Holdings Ltd [NYSE:RNR] saw its stock jump 0.07% to $249.95. Over the last five days, the stock has lost -2.05%. RenaissanceRe Holdings Ltd shares have risen nearly 27.53% since the year began. Nevertheless, the stocks have risen 28.52% over the past one year. While a 52-week high of $300.00 was reached on 11/07/24, a 52-week low of $191.61 was recorded on 01/02/24. SMA at 50 days reached $269.28, while 200 days put it at $243.96.
Levels Of Support And Resistance For RNR Stock
The 24-hour chart illustrates a support level at 249.27, which if violated will result in even more drops to 248.58. On the upside, there is a resistance level at 251.00. A further resistance level may holdings at 252.04. The Relative Strength Index (RSI) on the 14-day chart is 34.97, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -12.60, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.94%. Stochastics %K at 16.55% 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 2024-11-29, dropping by -0.29 million shares to a total of 1.37 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 1.66 million shares. There was a decline of -21.19%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on December 14, 2023 when Evercore ISI began covering the stock and recommended ‘”an Underperform”‘ rating along with a $200 price target.
