XL Group plc (XL) has been under a strong bear grip, hence the stock is down -1.62% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.65% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.27% in the last 1 week, and is up 5.02% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
XL Group plc (NYSE:XL): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $32.68 and $32.57 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $32.89. The buying momentum continued till the end and the stock did not give up its gains. It closed at $32.82, notching a gain of 0.80% for the day. The total traded volume was 1,727,099 . The stock had closed at $32.56 on the previous day.
The stock has recorded a 20-day Moving Average of 1.38% and the 50-Day Moving Average is 0.24%. XL Group plc has dropped 7.45% during the last 3-month period . Year-to-Date the stock performance stands at -14.73%.
XL Group plc, is a global insurance and reinsurance company providing property, casualty and specialty products to industrial, commercial and professional firms, insurance companies and other enterprises on a worldwide basis. The Company is organized into two operating segments: Insurance and Reinsurance. The Companys insurance operations are organized into four business groups: International Property and Casualty, North America Property and Casualty, Global Professional Lines and Global Specialty Lines. Its insurance operations provide customized insurance policies for complex corporate risks that may require large limits and are marketed and distributed through a wide variety of local, national and international producers. The Companys reinsurance operations are structured geographically into business groups: Bermuda, North America and International (Europe, Asia Pacific, Latin America and Middle East North Africa (MENA)).