Arthur J. Gallagher & Co. (NYSE:AJG) stated loss of 956,816 shares or 25.1% in the short interest. The short interest registered from 3,812,984 on May 31,2016 to 2,856,168 on June 15,2016. In terms of floated shares, the shorted positions stood at 1.6%. The stock has been averaging 1,179,927 shares daily in trading and would need 2 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Arthur J. Gallagher & Co. (NYSE:AJG): The stock opened at $45.88 on Friday but the bulls could not build on the opening and the stock topped out at $46.35 for the day. The stock traded down to $45.32 during the day, due to lack of any buying support eventually closed down at $45.35 with a loss of -4.65% for the day. The stock had closed at $47.56 on the previous day. The total traded volume was 2,947,968 shares.
The company shares have dropped -4.04% from its 1 Year high price. On May 27, 2016, the shares registered one year high at $48.64 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $47.45 and the 200 Day Moving Average price is recorded at $42.99.
Arthur J. Gallagher & Co. (NYSE:AJG) has tumbled 2.66% during the past week and has dropped 5.91% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 1.05%. Arthur J. Gallagher & Co. (NYSE:AJG) has underperformed the index by 3.07% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Arthur J. Gallagher & Co. is engaged in providing insurance brokerage and consulting services and third-party claims settlement and administration services to entities in the United States and abroad. The Companys brokers, agents and administrators act as intermediaries between insurers and their customers. The Company operates in three segments: brokerage, risk management and corporate. The brokerage segment comprises of retail and wholesale insurance brokerage operations. The risk management segment provides contract claim settlement and administration services for enterprises and for insurance companies. The corporate segment reports the financial information related to its debt, clean energy investments, external acquisition-related expenses and other corporate costs.