Shares of ProAssurance (NYSE:PRA) traded today at $48.74, breaking its 52-week high. So far today approximately 300,000 shares have been exchanged, as compared to an average 30-day volume of 227,000 shares.
ProAssurance Corporation is a risk management and claims defense company with a license to write business across the United States. The Company provides medical professional liability insurance to policyholders throughout the United States.
In the past 52 weeks, shares of ProAssurance have traded between a low of $41.09 and a high of $48.74 and are now at $47.72, which is 16% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has remained constant.
ProAssurance has overhead space with shares priced $47.72, or 3.6% below the average consensus analyst price target of $49.50. The stock should discover initial support at its 200-day moving average (MA) of $44.53 and subsequent support at its 50-day MA of $44.40.