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RenaissanceRe Holdings Ltd. (RNR): The stock short term indicators are indicating Sell today

RenaissanceRe Holdings Ltd. (RNR) saw downtrend of -0.42% in the recent trading with $138.54 being its most recent. The current price level -20.63% lower than the highest price of $174.54 marked by the stock while trading over the past 52-weeks, whereas it is 11.56% higher than the lowest price of $124.18 the company dropped to over past 52-weeks. The latest news story on RNR appeared in Zacks under the title “RE or RNR: Which P&C Stock is Better-Placed at the Moment?” on Sep-12-22.

Squeezing the time span to 30 day period shows us the stock is currently trading -9.96% below one month high and is +6.17% above of the lowest during that time. Looking into the simple moving average, RenaissanceRe Holdings Ltd. (RNR)’s stock stands at a SMA-50 of $136.92 while that of 5-day is reading $144.79.

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Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and RNR’s SMA-200 as of now is $150.40.

RenaissanceRe Holdings Ltd. Earnings – What Happened With RNR

Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. During the reported three-month period, company’s sales were $860.0 million.

RNR – RenaissanceRe Holdings Ltd. Stock Earnings Estimates

Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 43.17 million. RNR does have institutional investors; and they hold 97.40% of the stock.

RenaissanceRe Holdings Ltd. – Insider Activity and Holdings

Moreover, the latest SEC filings also revealed that stock came across 1 new insider purchases involving 7,500 shares. On the other hand, RNR declared 2,000 shares have been sold in 2 insider transactions over the past three months.

The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, current ratio recorded by RenaissanceRe Holdings Ltd. was 0.83 while posting a debt to equity ratio of 0.23.

Technical Analysis of RenaissanceRe Holdings Ltd. (NYSE:RNR) stock

To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for RenaissanceRe Holdings Ltd. (RNR), we notice that the stock’s 20-day average volume is at 411,340 shares and 50% of short term indicators are suggesting the stock as Sell. Medium term indicators at an average of 50% are spotting the stock at Sell with its 50-day average volume of 414,006 shares. And to end, RNR’s 100-day average volume is 357,753 shares with 100% of the long-term indicators pointing towards Sell for the stock.

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