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Stock Charts AI Power Rank: 9.3
Power Rank trend -> Rising
09/06/2024 16:10:00 EST
Mercury General Corporation (MCY)
Industry: Insurance - Property & Casualty
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, MCY has been trading in a range between $66.23 and $59.74 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
The AI powered stock chart is in a Red zone currently. We would avoid this stock.
Upside / Downside Potential
Mercury General Corporation $MCY entered a Red zone 4 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $33, a potential down side of -46.79% from the recent price of 62.02. The stock is trading 8.21% (potential upside) below its 52 week high of $67.11 and 132.2 % (potential downside) above its 52 week low of $26.71 - based on the recent price.
Company Summary
Mercury General Corporation, together with its subsidiaries, engages in writing personal automobile insurance in the United States The company also writes homeowners, commercial automobile, commercial property, mechanical protection, and umbrella insurance products. Its automobile insurance products include collision, property damage, bodily injury, comprehensive, personal injury protection, underinsured and uninsured motorist, and other hazards; and homeowners insurance products comprise dwelling, liability, personal property, and other coverages.
News
| Bodily Injury Costs Increase in Illinois, According to Mercury Insurance Mercury's New Umbrella Insurance Better Protects Illinoisans' Personal Wealth Against Bodily Injury Claims LOS ANGELES , Sept. 3, 2024 /PRNewswire/ -- Multi-vehicle crashes, dog bites or a delivery person being injured on your property are some of the unexpected events that are putting Illinoisans' personal financial health at risk. Source: PRNewsWire Tue, 03 Sep 2024 12:00:00 -0400 Sentiment: Neutral |
| 5 Relative Price Strength Stocks That You Should Buy Now SNCR, MCY, UHS, VCYT and MWA are five stocks with explosive relative price strength. Source: Zacks Investment Research Fri, 30 Aug 2024 09:01:04 -0400 Sentiment: Positive |
| Mercury General Corporation (MCY) Hit a 52 Week High, Can the Run Continue? Mercury General (MCY) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues. Source: Zacks Investment Research Tue, 27 Aug 2024 10:15:23 -0400 Sentiment: Positive |
| Mercury General (MCY) Is Up 0.60% in One Week: What You Should Know Does Mercury General (MCY) have what it takes to be a top stock pick for momentum investors? Let's find out. Source: Zacks Investment Research Thu, 22 Aug 2024 13:00:56 -0400 Sentiment: Positive |
| Comparing Safety Insurance And Mercury General: Q2 2024 Results Highlight Diverging Paths Safety Insurance struggled with underwriting losses in the first half of 2024 despite improvements in Q2, highlighting ongoing challenges in its portfolio. Mercury General has shown signs of recovery, achieving a combined ratio below 100% in the first half of 2024, positioning itself more favorably compared to Safety Insurance. Although Safety Insurance's dividend remains covered due to higher investment income, the company's elevated valuation may face pressure if portfolio remediation efforts don't succeed. Source: Seeking Alpha Thu, 15 Aug 2024 07:18:03 -0400 Sentiment: Positive |
Technicals 52 Week Hi: 67.105 52 Week Low: 26.709 Beta: 0.837 50 Day MA: 58.7092 200 Day MA: 49.9791 Earnings / Revenue Trends Qtr Earnings Growth YOY: -0.817 Qtr Revenue Growth YOY: 0.205 Forward PE: 0 Trailing PE: 10.7487