Axis Capital Holdings Limited (AXS) : Traders are bullish on Axis Capital Holdings Limited (AXS) as it has outperformed the S&P 500 by a wide margin of 1.59% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.9%, 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 1.41% in the last 1 week, and is up 1.46% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 1.61% and the 50-Day Moving Average is 3.98%.The 200 Day SMA reached 5.18%. AXIS Capital Holdings Limited is up 3.87% in the last 3-month period. Year-to-Date the stock performance stands at 2.72%.
Axis Capital Holdings Limited (NYSE:AXS): After opening at $56.77, the stock dipped to an intraday low of $56.75 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $57.02 and the buying power remained strong till the end. The stock closed at $56.99 for the day, a gain of 0.65% for the day session. The total traded volume was 437,081. The stocks close on the previous trading day was $56.62.
AXIS Capital Holdings Limited is a Bermuda-based holding company for the AXIS group of companies. The Company provides a range of specialty (re)insurance, through operating subsidiaries and branch networks -based in Bermuda, the United States, Canada, Europe, Australia and Singapore. The Company operates in to segments: AXIS Insurance and AXIS Re. The Company also has marketing offices in Brazil, France and Spain. The lines of business in insurance segment include property, marine, terrorism, aviation, credit and political risk, professional lines, liability and accident and health. The reinsurance segment provides non-life reinsurance to insurance companies. The lines of business in insurance segment include catastrophe; property; professional lines; credit and surety; motor; liability; engineering; agriculture, among others.