Large Inflow of Money Witnessed in Everest Re Group Ltd.

Everest Re Group Ltd. (RE): $1.09 million was the positive money flow into the stock on Thursday and the up/down ratio of ticks was also in favor of the bulls at 1.52. The value of trades done on upticks was $3.19 million, whereas, trades done on downticks were valued at $2.11 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $0 million worth stocks on upticks, which is a bullish indication. The money flow in block trades was $0 million. Everest Re Group Ltd. (RE) fell $0.28 traded at $180.49, a change of -0.15% over the previous day. The stock is -0.57% for the week.


Everest Re Group Ltd. (RE) stock is expected to deviate a maximum of $12.69 from the average target price of $200.5 for the short term period. 4 Street Experts have initiated coverage on the stock with the most promising target being $215 and the most muted being $185. The stock has recorded a 20-day Moving Average of 2.57% and the 50-Day Moving Average is 1.13%.

Everest Re Group Ltd. (NYSE:RE): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $180.79 and $179.62 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $181.64. The buying momentum continued till the end and the stock did not give up its gains. It closed at $180.87, notching a gain of 0.06% for the day. The total traded volume was 472,095 . The stock had closed at $180.77 on the previous day.

Everest Re Group, Ltd. (Group), through its subsidiaries, is engaged in the underwriting of reinsurance and insurance in the United States, Bermuda and international markets. The Company underwrites reinsurance both through brokers and directly with ceding companies. The Company underwrites insurance principally through general agent relationships, brokers and surplus lines brokers. The Company operates in segments: U.S. Reinsurance segment, International segment, Bermuda segment, Insurance segment and Mt. Logan Re segment. The Company offers treaty and facultative reinsurance and admitted and non-admitted insurance. The Companys products include the range of property and casualty reinsurance and insurance coverages, including marine, aviation, surety, errors and omissions liability (E&O), directors and officers liability (D&O), medical malpractice, other specialty lines, accident and health (A&H) and workers compensation.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.