Palomar (PLMR) Is Up 5.28% in One Week: What You Should Know

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Palomar (PLMR) - Palomar currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The company has a Zacks Rank of 1 (Strong Buy), which historically outperforms the market when combined with a Style Score of A or B [3] Price Performance - Over the past week, PLMR shares increased by 5.28%, outperforming the Zacks Insurance - Property and Casualty industry, which rose by 2.62% [5] - In a longer timeframe, PLMR's monthly price change is 8.04%, compared to the industry's 3.12% [5] - Over the last quarter, PLMR shares have risen by 16.74%, and they are up 95.93% over the past year, while the S&P 500 has only moved 7.23% and 28.56% respectively [6] Trading Volume - The average 20-day trading volume for PLMR is 244,991 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, 6 earnings estimates for PLMR have been revised upwards, with no downward revisions, increasing the consensus estimate from $4.65 to $4.83 [9] - For the next fiscal year, 5 estimates have also moved upwards without any downward revisions [9]