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(RELI), (LMND) - Insurance Stocks Moving In Thursday s Intraday Session
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Reliance Global Group, Inc. (Nasdaq: RELI; RELIW), an “insurtech” company focused on combining advanced technologies with the personalized experience of a traditional insurance agency, today announced it has acquired J.P. Kush and Associates, Inc., a premier healthcare insurance agency with operations in 10 states, headquartered in Troy, Michigan. J.P. Kush’s founder, Joshua Kushnereit, will become part of the Reliance Global family as Chief Operating Officer of the new Kush Benefits Solutions, LLC, which is now a wholly owned subsidiary of Reliance Global Group, Inc.
Founded in 2008, J.P. Kush adds over 100 independent agents to Reliance’s agency network across the United States, including California, Florida, Ohio, Michigan, Mississippi, New Mexico, South Carolina, Texas, Utah and Wisconsin. J.P. Kush has established relationships with a number of the country’s leading insurance carriers. In 2019 and 2020, J.P. Kush was ranked as the most active agency writing policie
Shares of Poshmark, Inc. (NASDAQ: POSH) were down 17% to $36.38 after the company reported Q1 results and issued Q2 guidance. Raymond James maintained Poshmark with an Outperform and lowered the price target from $68 to $58.
Haemonetics Corporation (NYSE: HAE) was down, falling 17% to $49.53 after the company reported downbeat Q4 earnings.
Commodities
In commodity news, oil traded down 2.7% to $64.33, while gold traded down 0.6% to $1,812.50.
Silver traded down 1.3% Thursday to $26.895 while copper fell 1.7% to $4.6575.
Euro zone
European shares were lower today. The eurozone’s STOXX 600 declined 1.3%, the Spanish Ibex Index fell 1.8% and the German DAX 30 dropped 1.4%. Meanwhile, the London’s FTSE 100 fell 2.1%, French CAC 40 fell 1.1% and Italy’s FTSE MIB fell 1.9%.
Mid-Afternoon Market Update: Dow Jumps Over 500 Points; ContextLogic Shares Plunge
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12 Financials Stocks Moving In Thursday s After-Market Session
Gainers
Hallmark Financial Servs (NASDAQ:HALL) stock rose 4.99% to $3.78 during Thursday’s after-market session. At the close, Hallmark Financial Servs’s trading volume reached 900 shares. This is 0.43% of its average volume over the last 100 days. The company’s market cap stands at $68.5 million.
Oscar Health (NYSE:OSCR) stock rose 2.33% to $21.0. At the close, Oscar Health’s trading volume reached 18.3K shares. This is 1.02% of its average volume over the last 100 days. As per the press release, Q1 earnings came out today.
Navient (NASDAQ:NAVI) shares rose 1.92% to $17.49. At the close, Navient’s trading volume reached 252.2K shares. This is 12.36% of its average volume over the last 100 days. The market value of their outstanding shares is at $3.1 billion.
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