RenaissanceRe Holdings Ltd’s recently made public 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 $4.81 million.
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 $20.19 million.
Barclays downgraded its RenaissanceRe Holdings Ltd [RNR] rating to an Underweight from a an Equal weight in a research note published on January 06, 2025; the price target was decreased to $234 from $284. A number of analysts have revised their coverage, including Jefferies’s analysts, who decreased its forecast for the stock in mid December from “a Buy” to “a Hold”. Barclays began covering RNR with “an Equal weight” recommendation on September 05, 2024. TD Cowen started covering the stock on January 10, 2024. It rated RNR as “a Market perform”.
Price Performance Review of RNR
On Tuesday, RenaissanceRe Holdings Ltd [NYSE:RNR] saw its stock fall -0.86% to $251.14. Over the last five days, the stock has gained 1.01%. RenaissanceRe Holdings Ltd shares have risen nearly 0.94% since the year began. Nevertheless, the stocks have risen 23.01% over the past one year. While a 52-week high of $300.00 was reached on 01/07/25, a 52-week low of $203.35 was recorded on 01/10/25. SMA at 50 days reached $263.66, while 200 days put it at $244.93.
Levels Of Support And Resistance For RNR Stock
The 24-hour chart illustrates a support level at 248.90, which if violated will result in even more drops to 246.65. On the upside, there is a resistance level at 254.34. A further resistance level may holdings at 257.53. The Relative Strength Index (RSI) on the 14-day chart is 42.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.72, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 54.04%. Stochastics %K at 56.20% indicates the stock is a holding.
How much short interest is there in RenaissanceRe Holdings Ltd?
A steep rise in short interest was recorded in RenaissanceRe Holdings Ltd stocks on 2024-12-31, growing by 0.32 million shares to a total of 1.69 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 1.37 million shares. There was a rise of 19.0%, which implies that there is a positive sentiment for the stock.
