Everest Re Group (RE) Shares Cross Below Book Value
In trading on Thursday, shares of Everest Re Group Ltd (Symbol: RE) crossed below their last reported book value - defined as common shareholder equity per share - of $159.64, changing hands as low as $158.42 per share. Everest Re Group Ltd shares are currently trading off about 0.7% on the day. The chart below shows the one year performance of RE shares, versus its 50 and 200 day moving averages:
Looking at the chart above, RE's low point in its 52 week range is $122.89 per share, with $163.07 as the 52 week high point - that compares with a last trade of $159.55.
RE makes up 3.14% of the SPDR MFS Systematic Value Equity ETF (Symbol: SYV)