Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. RenaissanceRe Holdings Ltd shares valued at $254,160 were purchased by Marra David E on Jan 15 ’25. At $254.16 per share, Marra David E acquired 1,000 shares.
Also, Marra David E sold 1,000 shares, netting a total of over 254,160 in proceeds. Following the sale of shares at $254.16 each, the insider now holds 79,392 shares.
Before that, Klehm Henry III had sold 1,747 shares from its account. In a trade valued at $450,048, the Director traded RenaissanceRe Holdings Ltd shares for $257.61 each. Upon closing the transaction, the insider’s holdings decreased to 1,747 shares, worth approximately $4.54 million.
As published in a research note from Barclays on January 06, 2025, RenaissanceRe Holdings Ltd [RNR] has been rated down from an Equal weight to an Underweight and the price target has been revised to $234 from $284. Analysts at Jefferies downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in mid December. As of September 05, 2024, Barclays has initiated its “an Equal weight” rating for RNR. Earlier on January 10, 2024, TD Cowen initiated its rating. Their recommendation was “a Market perform” for RNR stock.
Analyzing RNR Stock Performance
During the last five days, there has been a drop of approximately -7.52%. Over the course of the year, RenaissanceRe Holdings Ltd shares have dropped approximately -4.79%. Shares of the company reached a 52-week high of $263.45 on 01/27/25 and a 52-week low of $235.22 on 01/29/25. A 50-day SMA is recorded $261.40, while a 200-day SMA reached $246.38. Nevertheless, trading volume fell to 1.65 million shares from 0.49 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 232.67, which, if violated, would cause prices to drop to 228.44. In the upper region, resistance lies at 243.67. The next price resistance is at 250.44. RSI (Relative Strength Index) is 33.91 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.07, which suggests the price will decrease in the coming days. Percent R is at 94.08%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
