RE Stock Falls Underperforming Market

The RE stock price fluctuated between $266.84 and $274.15 throughout the trading session with the volume trading being 331499 shares, which represented a positive variation when compared to the three months average volume of 236489 shares.

The share price of Everest Re Group, Ltd. (NYSE:RE) dipped -2.66% to close Friday’s market session at $267.11, lower as compared to yesterday’s close which brings the market valuation of the company to $10.95B.

The 52-week high for the Everest Re Group, Ltd.’s shares is $289.68. That puts it -7.79% from that peak with a 52-week low of $209.63, while the S&P 500’s share price change was of 31.32%.

What does the trading volume tell us about the RE stock?

During the last trading session, Everest Re Group, Ltd. (NYSE:RE) has seen growth in its daily volume. The daily volume was of 236489, while in the last 10 days the average was 185.25k and last three months – 236.49k.

Growing short interest

The Everest Re Group, Ltd.’s shares are seeing an increasing short interest compared to the previous month. As of today, there are 750.19k shares being shorted which translates into 3.21 of a short ratio for RE, while in the previous month the shorted shares were 789.96k.

Everest Re Group, Ltd.’s (NYSE:RE) financials

With a market cap of 10.95B, Everest Re Group, Ltd. holds a total cash of $1.78B that translates into $45.25 per share, while the total debt is of $1.91B.

The company has seen an increase in the revenue with a year-over-year quarterly revenue growth percentage of 15.40%. The current revenue is of $11.51B that is $291.88 per share.

This is a great sign for a bright future.