Recent meaningful positive changes in fundamentals have benefitted RLI Corp (NYSE: RLI): the stock’s power rating rose above 70, significant quarterly sales acceleration occurred, and significant quarterly earnings acceleration occurred.
RLI Corp (NYSE: RLI) has benefited from notable positive changes in investment behavior: the stock rose on very heavy volume.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
RLI has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. RLI has a poor Appreciation Score of 17 but a good Power Rating of 76, producing the Low Neutral Value Trend Rating.
Recent Price Action
RLI Corp (NYSE: RLI) stock closed at $166.61 on 12/20/24 after a modest gain of 0.9%. Moreover, trading volume in this advance was exceptionally high at 381% of normal. The stock has declined -1.7% during the last week but has been strong relative to the market over the last nine months.
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