Palomar Holdings (PLMR) Soars 3.88% to Record High

Palomar Holdings (PLMR) surged to a record high today, with an intraday gain of 3.88%.

Palomar Holdings' stock price has seen a significant boost in recent weeks, with a 9.7% gain over the past four weeks. This strong performance has been accompanied by positive analyst upgrades, with Piper Sandler and Jefferies raising their price targets for PLMR to $150 and $168, respectively. Additionally, JPMorgan upgraded Palomar's stock rating to Overweight, further contributing to the positive sentiment surrounding the stock.

The stock has been moving within a strong rising trend in the short term, with expectations of a 37.00% rise over the next three months. Despite some sell signals from a pivot top, the overall trend remains favorable. The stock holds buy signals from moving averages, suggesting a positive forecast.