XL Group Ltd. (XL) Surges 1.13% on September 12 to Lead Financial Sector

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XL Group Ltd. (XL) was one of the best performers amongst all companies listed in the financial sector on the NYSE and NASDAQ exchanges during trading on September 12, climbing 1.13% to wrap the day at $43.0 after closing the day prior at $42.52. Throughout the trading session, shares of XL rose as high as $43.03 and dipped as low as $42.22. Today’s advance came with about 1.65 million shares changing hands, compared to an average 30-day volume of 1.34 million for XL Group Ltd.. The price is currently below the 30-day volume weighted average price of $42.65 for XL.

The share appreciation today gives the company a market capitalization of $10.97 billion based upon 257.94 million shares outstanding. It also means that XL has a price-to-book ratio of 0.99:1.

In the past 52 weeks, shares of XL have traded as low as $32.81 and as high as $47.27. Technical traders will take note that at $43.0, shares of XL are trading above their 200-day MA at $40.46 and below their 50-day MA at $44.45. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.

Who is XL?

XL Group Ltd provides insurance and reinsurance service. It provides property, casualty and specialty products to industrial, commercial and professional firms, insurance companies and other enterprises. The company’s 7400 employees are led by CEO Michael S. Mcgavick from the corporate headquarters at One Bermudiana Road in Hamilton, .


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