RenaissanceRe Holdings Ltd. (RNR) stock is higher by 0.08% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With RNR Stock Today?
RenaissanceRe Holdings Ltd. (RNR) stock is trading at $166.03 as of 11:00 AM on Tuesday, Apr 6, an increase of $0.03, or 0.02% from the previous closing price of $166.00. Volume today is light. So far 248,921 shares have traded compared to average volume of 350,232 shares. The stock has traded between $165.72 and $167.46 so far today.
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More About RenaissanceRe Holdings Ltd.
RenaissanceRe Holdings Ltd provides reinsurance and insurance solutions and related services. The company's core products include property catastrophe and specialty reinsurance risks. Revenue is primarily derived from three sources: net premiums earned from the insurance and insurance products sold; net investment income from the investment of capital funds and cash; and other income from the company's joint ventures, advisory services, and other items. The reportable segments of the company are property and casualty & specialty.
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