Hci Group Inc
Change company Symbol lookup
Select an option...
HCI Hci Group Inc
PSF Cohen & Steers Select Preferred and Income Fund
PJT PJT Partners Inc
ALK Alaska Air Group Inc
RS Reliance Steel & Aluminum Co
HFWA Heritage Financial Corp
MET MetLife Inc
KALU Kaiser Aluminum Corp
STBA S&T Bancorp Inc
VLY Valley National Bancorp
Go

Financials : Insurance | Small Cap Blend
Company profile

HCI Group, Inc. (HCI) is an insurance holding company. The Company operates through four operating divisions: property and casualty insurance, reinsurance, investment real estate and information technology. Its operations include Insurance Operations and Other Operations. Its Insurance Operations include property and casualty insurance, and reinsurance. The Company, through its subsidiary, Homeowners Choice Property & Casualty Insurance Company, Inc. (HCPCI), provides property and casualty insurance to homeowners, condominium owners and tenants on properties located in Florida. HCPCI also offers flood-endorsed and wind-only policies to new and pre-existing Florida customers. Its Other Operations include information technology (IT) and real estate. The Company's real estate operations consist of multiple properties it owns and operates.

Postmarket

Last Trade
Delayed
$0.00
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$50.50
Day's Change
1.67 (3.42%)
Bid
--
Ask
--
B/A Size
--
Day's High
50.65
Day's Low
48.59
Volume
(Average)
Volume:
34,866

10-day average volume:
34,098
34,866

Panicking about your Tesla shares? These charts will make you feel a lot better

1:23 pm ET September 8, 2020 (MarketWatch)
Print

Shawn Langlois

The ride up was nice, but, ouch, that ride down?

By the end of August, Tesla shares were up almost 500%, year to date, crushing the shorts and defying the skeptics in a pandemic-bucking ride that paced a scorching market for high-tech disrupters.

But Tesla's dizzying run has hit the skids of late, with the stock down 17% on Tuesday alone to put its 5-day drop up to about 30% (https://www.marketwatch.com/story/tesla-stock-tumbles-toward-2nd-bear-market-in-6-months-2020-09-08?mod=home-page).

That's a painful reversal for those arriving late to the Tesla party, but it's also to be expected as even the most stellar long-term plays in history have endured similar, and much worse, drawdowns.

Of course, Tesla has plenty of company in this September retreat, with high-fliers like Overstock (OSTK) , Peloton (PTON) and Zoom (ZM) all giving back chunks of their outsized gains in recent sessions.

The good news: This is completely normal and healthy.

Read:'Pods of excess' will pop this bubble, investor warns (https://www.marketwatch.com/story/tesla-and-other-pods-of-excess-will-ultimately-lead-to-the-popping-of-todays-bubble-investor-warns-11599580223)

"Even if these companies live up to their now lofty expectations and their stocks end up being grand slam investments, it's not going to be a straight line up and to the right," Ritholtz Wealth Management portfolio manager Ben Carlson explained in a blog post (https://awealthofcommonsense.com/2020/09/why-even-the-best-stocks-have-to-crash/). "These companies could become some of the most successful stocks of the next few decades and they will still crash spectacularly at some point."

He pointed to several examples to back his point.

Apple (AAPL) , for instance, has rallied almost 120,000% (19.5% annualized) since the early 1980s. Along the way, it's dropped by more than 75% three different times and has been cut in half several other times.

Then there's Amazon (AMZN) , which is up up almost 170,000% (38% annualized) since 1997. At one point during that nosebleed ascent, the stock crashed almost 95% along with multiple declines of 30%.

It's not just among the tech juggernauts either. Walmart (WMT) , over the course of nearly five decades, has seen its stock gain more than 321,000%. The shares have lost 30% or more eight times and were stuck in negative territory from 2000 to 2012.

The list goes on and on, but you get the idea.

"This is what happens to successful companies and successful stocks," Carlson wrote. "If you want to earn big returns in the stock market, expect to live with big losses to get there."

Plenty of "successful" stocks came under pressure in Tuesday's trading session, with the Dow Jones Industrial Average , Nasdaq Composite and S&P 500 all firmly lower.

-Shawn Langlois; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

September 08, 2020 13:23 ET (17:23 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

Earnings Calendar and Events Data provided by |Terms of Use| © 2020 Wall Street Horizon, Inc.

Market data accompanied by is delayed by at least 15 minutes for NASDAQ, NYSE MKT, NYSE, and options. Duration of the delay for other exchanges varies.
Market data and information provided by Morningstar.

Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses.
Please read Characteristics and Risks of Standard Options before investing in options.

Information and news provided by ,, , Computrade Systems, Inc., , and

Copyright © 2020. All rights reserved.