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

Swiss Re Ltd. (OTCMKTS:SSREY) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $41.86 and traded as low as $39.4050. Swiss Re shares last traded at $39.46, with a volume of 127,789 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on SSREY shares. Oddo Bhf downgraded Swiss Re to a “neutral” rating in a report on Tuesday, December 9th. UBS Group downgraded 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. Royal Bank Of Canada reaffirmed an “underperform” rating on shares of Swiss Re in a report on Monday, December 8th. Finally, Berenberg Bank cut shares of Swiss Re from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 9th. One analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Reduce”.

Swiss Re Stock Performance

The firm has a 50-day moving average price of $41.86 and a two-hundred day moving average price of $44.32.

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.