AmTrust Financial Services (AFSI) Shares are Up 1.05%

AmTrust Financial Services (AFSI) : Traders are bullish on AmTrust Financial Services (AFSI) as it has outperformed the S&P 500 by a wide margin of 1.52% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.89%, 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 1.05% in the last 1 week, and is up 0.98% 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 1.05% and the 50-Day Moving Average is 3.63%.The 200 Day SMA reached 3.11%

AmTrust

AmTrust Financial Services (NASDAQ:AFSI): After opening at $26.61, the stock dipped to an intraday low of $26.4392 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $26.945 and the buying power remained strong till the end. The stock closed at $26.83 for the day, a gain of 0.94% for the day session. The total traded volume was 867,288. The stocks close on the previous trading day was $26.83.

AmTrust Financial Services (AFSI) : Currently there are 3 street experts covering AmTrust Financial Services (AFSI) stock. The most bullish and bearish price target for the stock is $43 and $33 respectively for the short term. The average price target of all the analysts comes to $37.33. The estimated standard deviation from the target is $5.13.

Amtrust Financial Services, Inc. is an insurance holding company. Through its wholly owned subsidiaries, the Company provides specialty property and casualty insurance focusing on workers compensation and commercial package coverage for small business, specialty risk and extended warranty coverage, and property and casualty coverage for middle market business. The Company operates through three segments. The Small Commercial Business segment provides workers compensation and commercial package and other property and casualty insurance products. The Specialty Risk and Extended Warranty segment provides coverage for consumer and commercial goods and custom designed coverages, such as accidental damage plans and payment protection plans. The Specialty Program segment provides workers compensation, package products, general liability, commercial auto liability, excess and surplus lines programs and other specialty commercial property and casualty insurance.

Leave a Reply

Get Pre-Market Alerts!

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