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- Palomar Propels +9%
Palomar Propels +9%
New Lows Close On New Highs
Happy Pi Day!
The major indices marched lower. The Russell 2000 tumbled -2%.
Real estate reversed -1.41%. Financials, utilities and consumer staples stumbled -0.8%. Energy advanced +1%.
New 52-Week Highs led New Lows — 113 vs. 26.
The Best of the Best
Palomar Holdings ($PLMR) is the best of the best. The specialty insurance company surged +8.91% and closed at its highest price since Nov. 2, 2022.
Thursday morning, Jefferies upgraded Palomar citing, “industry-leading gross premium written (GPW) growth across product lines and a rebound in net premium earned (NPE).”
Here’s the daily chart.

And monster monthly chart.

The Worst of the Worst
Ginkgo Bioworks ($DNA) is the worst of the worst. The biotech broke down -9.4% and closed at an all-time low.
Here’s the daily chart.

And weak weekly chart.

Riley’s Recommendations
Here are a few sweet links curated by Riley…
Enjoying Popularity + Price?




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