Bargain Hunter Investor Update on RenaissanceRe Holdings Ltd. (NYSE:RNR)

RenaissanceRe Holdings Ltd. (NYSE:RNR) has moved 1.43% over the past week and is currently priced at $194.18 after moving 2.57% in the most recent session.  Despite the cheap price tag, let’s take a closer look at the recent performance and where the price is situated in comparison to its averages.

Let’s take a quick look at how the price of RenaissanceRe Holdings Ltd. (NYSE:RNR) is currently trading in comparison to some of its simple moving averages. At current levels, shares have been seen trading 2.21% away from the 20-day moving average. The stock has been recently separated from the 50-day moving average by 3.59%. Using a broader approach, the stock has been trading 19.31% off of the 200-day moving average. After the latest check-in, shares are -0.48% off of the 50 day high and 9.84% away from the 50 day low number.

When it comes to trading stocks, even veteran investors are prone to making mistakes. Investors will often get bombarded with stock tips touting the next breakout star. Following these tips without fully looking into the situation can wind up being a huge mistake. If even one person knows about the next big stock, chances are many other people already do as well. Getting in too late on a stock that has already made a move can leave investors wondering what went wrong. Taking the time to properly research any stock investment may be a good way to eliminate costly impulse buys. Just because a stock has been running hot doesn’t mean it will continue to go higher in the future.

In terms of performance, shares of RenaissanceRe Holdings Ltd. (NYSE:RNR) are 45.24% since the start of 2016. Over the past week, shares are 1.43%. Moving out to look at the previous month performance, the stock is at 3.23%. For the quarter, performance is at 5.27%. During the past six months, RenaissanceRe Holdings Ltd. (NYSE:RNR)’s stock has been 35.35% and 39.39% for the last 12 months.

Stock market investing can be a wild ride. Following the market on a daily basis can be exiting, but it may also bring out strong emotions especially when hard earned money is on the line. Making impulsive stock picks based on day to day market fluctuations can cause second guessing and a lot of future portfolio damage. Investors who are able to create a specific plan and stick to that plan may find themselves in a much better position when the market becomes highly volatile. It can be very challenging to maintain discipline and focus with so much information being released every day. Highly publicized stocks can be a tempting choice as they tend to garner the most attention by media outlets and the investing community. Filtering through the endless sea of data can be exhausting, and investor’s who are able to see through the trees are typically better prepared to make those tough portfolio decisions.  

Disclaimer: The views, opinions, and information expressed in this article are those of the authors and do not necessarily reflect the official policy or position of any company stakeholders, financial professionals, or analysts. Examples of analysis performed within this article are only examples. They should not be utilized to make stock portfolio or financial decisions as they are based only on limited and open source information. Assumptions made within the analysis are not reflective of the position of any analysts or financial professionals.

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