Greenlight Reinsurance Ltd. (GLRE) Moves Lower on Volume Spike for July 17

Equities Staff |

Greenlight Reinsurance Ltd. (GLRE) traded on unusually high volume on Jul. 17, as the stock lost 0.24% to close at $21.00. On the day, Greenlight Reinsurance Ltd. saw 306,294 shares trade hands on 1,369 trades. Considering that the stock averages only a daily volume of 96,440 shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $24.10 and $19.25 over the last 52-weeks, its 50-day SMA is now $20.54, and its 200-day SMA $21.71. Greenlight Reinsurance Ltd. has a P/B ratio of 0.89. It also has a P/E ratio of 32.4.

Greenlight Capital Re Ltd conducts its reinsurance operations through two licensed and regulated entities: Greenlight Reinsurance, Ltd and Greenlight Reinsurance Ireland, Ltd.

Headquartered in Grand Cayman, , Greenlight Reinsurance Ltd. has 35 employees and is currently under the leadership of CEO Barton Hedges.

For a complete fundamental analysis analysis of Greenlight Reinsurance Ltd., check out Equities.com’s Stock Valuation Analysis report for GLRE.

Want to invest with the experts? Subscribe to Equities Premium newsletters today! Visit http://www.equitiespremium.com/ to learn more about Guild Investment’s Market Commentary and Adam Sarhan’s Find Leading Stocks today.

To get more information on Greenlight Reinsurance Ltd. and to follow the company’s latest updates, you can visit the company’s profile page here: GLRE’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Comments

Emerging Growth

MGX Minerals Inc.

MGX Minerals is a diversified Canadian mining company listed on the Canadian Securities Exchange. MGX is engaged in the acquisition and development of industrial mineral deposits in western Canada that…

Private Markets

Quants Inc

Quants, Inc, a California Corporation, develops, markets and operates financial technology platforms and alternative investment products offering sophisticated risk management since 2010. The Company has primarily sharpened its focus with…

CF0005, LLC dba Mesa-Marshall #1-2

MESA Resources, Inc. ("MESA") is sponsoring the development of the oil & gas well completion project "Mesa-Marshall #1-2". MESA, founded in 1992, is engaged in the acquisition, exploration and development…