Taking this into account, Wells Fargo downgraded its W.R. Berkley Corp [WRB] rating to an Equal weight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in early April from “a Buy” to “a Neutral”. Morgan Stanley began covering WRB with “an Equal-weight” recommendation on December 05, 2024. Goldman revised its rating on November 25, 2024. It rated WRB as “a Buy” which previously was an “a Neutral”.
Price Performance Review of WRB
On Friday, W.R. Berkley Corp [NYSE:WRB] saw its stock jump 2.01% to $72.61. Over the last five days, the stock has gained 3.02%. W.R. Berkley Corp shares have risen nearly 24.08% since the year began. Nevertheless, the stocks have risen 44.20% over the past one year. While a 52-week high of $76.38 was reached on 03/28/25, a 52-week low of $50.22 was recorded on 01/10/25. SMA at 50 days reached $66.20, while 200 days put it at $60.56.
Levels Of Support And Resistance For WRB Stock
The 24-hour chart illustrates a support level at 71.89, which if violated will result in even more drops to 71.16. On the upside, there is a resistance level at 73.12. A further resistance level may holdings at 73.62. The Relative Strength Index (RSI) on the 14-day chart is 64.85, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.54, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.33%. Stochastics %K at 92.40% indicates the stock is a selling.
How much short interest is there in W.R. Berkley Corp?
A steep rise in short interest was recorded in W.R. Berkley Corp stocks on 2025-04-15, dropping by -3.8 million shares to a total of 4.28 million shares. Yahoo Finance data shows the prior-month short interest on 2025-03-14 was 8.08 million shares. There was a decline of -88.97%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on September 05, 2024 when Barclays began covering the stock and recommended ‘”an Underweight”‘ rating along with a $56 price target.
