Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. RLI Corp shares valued at $214,485 were sold by RESTREPO ROBERT P JR on Mar 13 ’25. At $74.89 per share, RESTREPO ROBERT P JR sold 2,864 shares. The insider’s holdings dropped to 23,312 shares worth approximately $1.81 million following the completion of this transaction.
Also, Graham Jordan W sold 1,500 shares, netting a total of over 112,155 in proceeds. Following the sale of shares at $74.77 each, the insider now holds 12,854 shares.
Before that, RESTREPO ROBERT P JR had added 2,864 shares to its account. In a trade valued at $210,360, the Director bought RLI Corp shares for $73.45 each.
As published in a research note from Jefferies on January 27, 2025, RLI Corp [RLI] has been rated down from a Buy to an Underperform and the price target has been revised to $61 from $95. Analysts at Oppenheimer started covering the stock with ‘”a Perform”‘ outlook in a report released in mid October. As of October 09, 2024, Wolfe Research has initiated its “an Outperform” rating for RLI. Earlier on September 07, 2023, Jefferies initiated its rating. Their recommendation was “a Buy” for RLI stock.
Analyzing RLI Stock Performance
During the last five days, there has been a surge of approximately 1.79%. Over the course of the year, RLI Corp shares have dropped approximately -5.70%. Shares of the company reached a 52-week high of $83.03 on 01/02/25 and a 52-week low of $70.01 on 01/23/25. A 50-day SMA is recorded $76.39, while a 200-day SMA reached $77.72.
Support And Resistance Levels for RLI Corp (RLI)
According to the 24-hour chart, there is a support level at 77.06, which, if violated, would cause prices to drop to 76.39. In the upper region, resistance lies at 78.50. The next price resistance is at 79.27. RSI (Relative Strength Index) is 53.04 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.14, which suggests the price will decrease in the coming days. Percent R is at 40.78%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
