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AmTrust Financial (AFSI) Soars: Stock Adds 9.2% in Session
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AmTrust Financial Services, Inc. was a big mover last session, as the company saw its shares rise more than 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $11.97–$13.34 in the past one-month time frame, witnessed a sharp increase yesterday.
The stock gained after news that the company has inked a roughly $2.7 billion deal with Evergreen Parent, L.P. under which the latter will acquire around 45% of AmTrust Financial's shares that are not presently owned or controlled by the Karfunkel-Zyskind Family and certain of its affiliates.
The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
AmTrust Financial currently has a Zacks Rank #2 (Buy) while its Earnings ESP is positive.
Is AFSI going up? Or down? Predict to see what others think:Up or Down
Don’t Even Think About Buying Bitcoin Until You Read This
The most popular cryptocurrency skyrocketed last year, giving some investors the chance to bank 20X returns or even more. Those gains, however, came with serious volatility and risk. Bitcoin sank 25% or more 3 times in 2017.
Zacks’ has just released a new Special Report to help readers capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.
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AmTrust Financial (AFSI) Soars: Stock Adds 9.2% in Session
AmTrust Financial Services, Inc. was a big mover last session, as the company saw its shares rise more than 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $11.97–$13.34 in the past one-month time frame, witnessed a sharp increase yesterday.
The stock gained after news that the company has inked a roughly $2.7 billion deal with Evergreen Parent, L.P. under which the latter will acquire around 45% of AmTrust Financial's shares that are not presently owned or controlled by the Karfunkel-Zyskind Family and certain of its affiliates.
The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
AmTrust Financial currently has a Zacks Rank #2 (Buy) while its Earnings ESP is positive.
AmTrust Financial Services, Inc. Price
AmTrust Financial Services, Inc. Price | AmTrust Financial Services, Inc. Quote
Investors interested in the Insurance - Property and Casualty industry may consider American Financial Group, Inc. (AFG - Free Report) , which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is AFSI going up? Or down? Predict to see what others think:Up or Down
Don’t Even Think About Buying Bitcoin Until You Read This
The most popular cryptocurrency skyrocketed last year, giving some investors the chance to bank 20X returns or even more. Those gains, however, came with serious volatility and risk. Bitcoin sank 25% or more 3 times in 2017.
Zacks’ has just released a new Special Report to help readers capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.
See 4 crypto-related stocks now >>