Renasant Corporation (RNST) Breaks into New 52-Week High on January 07 Session

Equities Staff  |

Shares of Renasant Corporation (RNST) broke into a new 52-week high yesterday, hitting a peak of $37.64. Shares closed at $37.11 after opening at $36.39 for a move of 1.14%. The company now has a market cap of $2.09 billion.

Investors and traders can learn a lot about a stock’s momentum when it sets a new 52-week high. As an example, bullish investors view a company hitting its highest price in a year as a sign of momentum and may interpret it as a signal to buy. On the other hand, bearish investors could view a new 52-week high as a signal of the end of a strong run, with the stock possibly peaking out before an impending period of decline.

For Renasant Corporation, the new 52-week high came on volume of 443,034. The stock has a float of 56.2 million shares and average daily volume of $n/a. It has a 50-day SMA of $n/a and a 200-day SMA of $n/a.

For a complete fundamental analysis analysis of Renasant Corporation, check out Equities.com’s Stock Valuation Analysis report for RNST.

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Renasant Corp operates as a holding company for Renasant Bank, a Mississippi banking corporation, and its subsidiary, Renasant Insurance, Inc. It has three reportable segments: community banks, insurance, and wealth management. With its community banks segment, the company provides a range of financial services to individuals and small businesses. Its insurance segment is an insurance agency providing commercial and personal insurance through third-party carriers. The wealth management segment provides a range of services including money management and retirement planning. The majority of the company's revenue is driven by lending activities in its community banks segment. Renasant Corporation primarily operates in the southern United States.

Renasant Corporation is based out of Tupelo, MS and has some 2,527 employees. Its CEO is C. Mitchell Waycaster.

Renasant Corporation is also a component of the Russell 2000 Index, which is an invaluable tool for any small-cap investor. Consisting of the smaller 2,000 publicly traded companies of the 3,000 largest companies in America by market cap (which combine to make the broader Russell 3000 index), the Russell 2000 gives the most comprehensive snapshot of the small-cap market of any index out there.

What's more, the Russell 2000 is maintained by Russell Investments, a company committed to using rules-based methodologies to construct unbiased indices that differ from the committee-selected Dow Jones Industrial Average or S&P 500.

To get more information on Renasant Corporation and to follow the company’s latest updates, you can visit the company’s profile page here: RNST’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.



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