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Save your seatFIHL ran from about $18.77 in mid-March to roughly $21.58 by May 29 as strong Q1 results, steady buybacks, and the Pelagos rebrand brought buyers back.
The stock has the potential to go down if it loses $20.50, with a retrace toward the $19.00 to $19.50 area where recent buyback activity clustered. Any softer insurance pricing, catastrophe loss shock, or disappointment after the rebrand could accelerate the downside.
If FIHL, now trading as PLGO, holds the $20.50 to $21.00 area, a move back toward $22.50 to $25.00 is on the table. Resistance at $22.00 is the first hurdle, and continued follow-through from strong underwriting results or more capital returns would help.
We don't currently have information about Pelagos Insurance Capital Ltd Com's earnings.