RLI Corp’s recent filing unveils that its Director RESTREPO ROBERT P JR unloaded Company’s shares for reported $0.21 million on Mar 13 ’25. In the deal valued at $74.89 per share,2,864 shares were sold. As a result of this transaction, RESTREPO ROBERT P JR now holds 23,312 shares worth roughly $1.86 million.
Then, Graham Jordan W sold 1,500 shares, generating $112,155 in total proceeds. Upon selling the shares at $74.77, the Director now owns 12,854 shares.
Before that, RESTREPO ROBERT P JR bought 2,864 shares. RLI Corp shares valued at $210,360 were divested by the Director at a price of $73.45 per share.
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 jump 0.88% to $79.98. Over the last five days, the stock has gained 4.99%. RLI Corp shares have fallen nearly -2.95% since the year began. Nevertheless, the stocks have risen 12.31% 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 $75.66, while 200 days put it at $77.23.
Levels Of Support And Resistance For RLI Stock
The 24-hour chart illustrates a support level at 79.52, which if violated will result in even more drops to 79.06. On the upside, there is a resistance level at 80.40. A further resistance level may holdings at 80.81. The Relative Strength Index (RSI) on the 14-day chart is 68.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.62, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.99%. Stochastics %K at 93.04% indicates the stock is a selling.
How much short interest is there in RLI Corp?
A steep rise in short interest was recorded in RLI Corp stocks on 2025-03-14, growing by 0.33 million shares to a total of 1.48 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 1.15 million shares. There was a rise of 21.99%, 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 .
