As this happened, 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 Monday, W.R. Berkley Corp [NYSE:WRB] saw its stock fall -0.40% to $72.20. Over the last five days, the stock has lost -0.40%. W.R. Berkley Corp shares have risen nearly 23.38% since the year began. Nevertheless, the stocks have risen 40.48% 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 $67.46, while 200 days put it at $61.14.
Levels Of Support And Resistance For WRB Stock
The 24-hour chart illustrates a support level at 70.74, which if violated will result in even more drops to 69.28. On the upside, there is a resistance level at 73.21. A further resistance level may holdings at 74.23. The Relative Strength Index (RSI) on the 14-day chart is 60.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.57, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 32.10%. Stochastics %K at 81.82% indicates the stock is a selling.
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.
