Assured Guaranty Ltd. (AGO) : Traders are bullish on Assured Guaranty Ltd. (AGO) as it has outperformed the S&P 500 by a wide margin of 5.98% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.59%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.02% in the last 1 week, and is up 8.62% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Assured Guaranty Ltd. (NYSE:AGO): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $27.44 and $27.41 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $27.71. The buying momentum continued till the end and the stock did not give up its gains. It closed at $27.60, notching a gain of 1.43% for the day. The total traded volume was 664,152 . The stock had closed at $27.21 on the previous day.
The stock has recorded a 20-day Moving Average of 4.6% and the 50-Day Moving Average is 5.77%. Assured Guaranty Ltd. is up 5.89% in the last 3-month period. Year-to-Date the stock performance stands at 5.51%.
Assured Guaranty Ltd. is a holding company. The Company provides, through its operating subsidiaries, credit protection products to the United States and international public finance, including infrastructure and structured finance markets. The Company markets its financial guaranty insurance directly to issuers and underwriters of public finance and structured finance securities, as well as to investors. It conducts its financial guaranty business on a direct basis from the following companies: Assured Guaranty Municipal Corp. (AGM), Municipal Assurance Corp. (MAC), Assured Guaranty Corp. (AGC), Assured Guaranty (Europe) Ltd. (AGE) and Assured Guaranty Re Ltd. (AG Re). The Company insures obligations issued in the United States. It also offers credit protection through reinsurance. The Company insures and reinsures various types of United States public finance obligations and various non-United States public finance obligations.