In a filing, RenaissanceRe Holdings Ltd revealed its Officer Marra David E acquired Company’s shares for reported $0.25 million on Jan 15 ’25. In the deal valued at $254.16 per share,1,000 shares were bought.
Then, Marra David E sold 1,000 shares, generating $254,160 in total proceeds. Upon selling the shares at $254.16, the EVP,Chief Underwriting Officer now owns 79,392 shares.
Before that, Klehm Henry III sold 1,747 shares. RenaissanceRe Holdings Ltd shares valued at $450,048 were divested by the Director at a price of $257.61 per share. As a result of the transaction, Klehm Henry III now holds 19,164 shares, worth roughly $4.45 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 jump 0.08% to $232.41. Over the last five days, the stock has lost -10.29%. RenaissanceRe Holdings Ltd shares have fallen nearly -6.59% since the year began. Nevertheless, the stocks have risen 4.14% over the past one year. While a 52-week high of $300.00 was reached on 01/27/25, a 52-week low of $208.98 was recorded on 02/04/25. SMA at 50 days reached $259.24, while 200 days put it at $246.75.
Levels Of Support And Resistance For RNR Stock
The 24-hour chart illustrates a support level at 229.30, which if violated will result in even more drops to 226.18. On the upside, there is a resistance level at 235.08. A further resistance level may holdings at 237.74. The Relative Strength Index (RSI) on the 14-day chart is 32.21, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -16.56, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.71%. Stochastics %K at 6.36% 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 2025-01-15, dropping by -0.28 million shares to a total of 1.7 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 1.98 million shares. There was a decline of -16.3%, which implies that there is a negative sentiment for the stock.
