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Should You Buy RLI Corp (RLI) Stock on Tuesday?

Tuesday, February 20, 2024 03:27 PM | InvestorsObserver Analysts

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Should You Buy RLI Corp (RLI) Stock on Tuesday?

Overall market sentiment has been high on RLI Corp (RLI) stock lately. RLI receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
RLI Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on RLI!

What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With RLI Stock Today?

RLI Corp (RLI) stock is up 0.15% while the S&P 500 is lower by -0.58% as of 3:22 PM on Tuesday, Feb 20. RLI is up $0.21 from the previous closing price of $141.51 on volume of 114,749 shares. Over the past year the S&P 500 has risen 24.50% while RLI is up 7.32%. RLI earned $6.61 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 21.44.

More About RLI Corp

RLI Corp underwrites property and casualty insurance through its subsidiaries. The company offers insurance coverage in the specialty admitted market where the products are designed for special risks. It also offers products in the excess and surplus markets which provides an alternative for customers with risks or loss exposures that generally cannot be written in the standard admitted market. RLI distributes property and casualty insurance through its wholly-owned branch offices that market to wholesale and retail producers. The companys insurance operation segments include casualty property and surety. Click Here to get the full Stock Report for RLI Corp stock.

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