RLI Corp’s filing revealed that its Director Duclos David B. acquired Company’s shares for reported $0.14 million on Jan 29 ’25. In the deal valued at $72.50 per share,2,000 shares were bought. As a result of this transaction, Duclos David B. now holds 7,215 shares worth roughly $ 0.54 million.
Then, Angelina Michael E bought 2,200 shares, generating $159,764 in total proceeds. Upon buying the shares at $72.62, the Director now owns 23,514 shares.
Before that, FICK JEFFREY D bought 2,000 shares. RLI Corp shares valued at $144,260 were divested by the CHIEF LEGAL OFFICER & CORP SEC at a price of $72.13 per share. As a result of the transaction, FICK JEFFREY D now holds 142,061 shares, worth roughly $10.67 million.
Jefferies downgraded its RLI Corp [RLI] rating to an Underperform from a a Buy in a research note published on January 27, 2025; the price target was decreased to $61 from $95. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who began to cover the stock in mid October with a ‘”a Perform”‘ rating. Wolfe Research began covering RLI with “an Outperform” recommendation on October 09, 2024. Jefferies started covering the stock on September 07, 2023. It rated RLI as “a Buy”.
Price Performance Review of RLI
On Friday, RLI Corp [NYSE:RLI] saw its stock fall -1.20% to $75.14. Over the last five days, the stock has lost -2.30%. RLI Corp shares have fallen nearly -8.83% since the year began. Nevertheless, the stocks have risen 9.87% over the past one year. While a 52-week high of $89.12 was reached on 01/02/25, a 52-week low of $66.03 was recorded on 01/23/25. SMA at 50 days reached $79.25, while 200 days put it at $76.71.
Levels Of Support And Resistance For RLI Stock
The 24-hour chart illustrates a support level at 74.78, which if violated will result in even more drops to 74.42. On the upside, there is a resistance level at 75.77. A further resistance level may holdings at 76.40. The Relative Strength Index (RSI) on the 14-day chart is 44.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 49.53%. Stochastics %K at 58.53% indicates the stock is a holding.
How much short interest is there in RLI Corp?
A steep rise in short interest was recorded in RLI Corp stocks on 2025-01-31, growing by 0.15 million shares to a total of 1.11 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-31 was 0.95 million shares. There was a rise of 13.92%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on June 07, 2022 when Raymond James began covering the stock and recommended ‘”a Mkt perform”‘ rating.
