Swiss Re (OTCMKTS:SSREY) Share Price Passes Below Fifty Day Moving Average - Here's What Happened

Key Points

• Swiss Re shares briefly crossed below their 50-day moving average ($40.97), trading as low as $40.81 and last at $41.51 on volume of 34,897 shares.
• Analyst consensus is an average rating of Reduce, with 1 Strong Buy, 4 Hold and 4 Sell ratings and several recent downgrades from Berenberg, UBS, Citigroup and Oddo Bhf (DZ Bank upgraded).
• The 50-day moving average ($40.97) sits below the 200-day moving average ($43.10), indicating recent weakness versus the longer-term trend.

Swiss Re Ltd. (OTCMKTS:SSREY - Get Free Report) shares crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $40.97 and traded as low as $40.81. Swiss Re shares last traded at $41.51, with a volume of 34,897 shares.

Wall Street Analyst Weigh In

A number of analysts have recently commented on SSREY shares. Berenberg Bank lowered shares of Swiss Re from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, December 9th. UBS Group downgraded shares of Swiss Re from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 17th. DZ Bank upgraded shares of Swiss Re from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, December 9th. Citigroup cut shares of Swiss Re from a "buy" rating to a "hold" rating in a research report on Tuesday, December 9th. Finally, Oddo Bhf downgraded shares of Swiss Re to a "neutral" rating in a research note on Tuesday, December 9th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Reduce".

Swiss Re Stock Up 0.4%

The firm has a fifty day moving average price of $40.97 and a 200 day moving average price of $43.10.

About Swiss Re

Swiss Re OTCMKTS: SSREY is a global reinsurance company headquartered in Zurich, Switzerland. Founded in 1863, the firm provides risk transfer and insurance solutions to insurers, reinsurers, and large corporations worldwide. Its core activities encompass reinsurance for property & casualty and life & health lines, as well as tailored corporate insurance products designed to protect complex commercial and industrial risks.

Swiss Re's product offering spans treaty and facultative reinsurance, structured reinsurance solutions, and capital markets–linked risk transfer such as insurance‑linked securities.

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