Shares of Everest Re Group Ltd. /zigman2/quotes/200609425/composite RE +0.98% advanced 4.46% to $263.43 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index /zigman2/quotes/210599714/realtime SPX +0.24% falling 0.13% to 4,514.07 and Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.43% falling 0.20% to 35,031.07. The stock's rise snapped a four-day losing streak. Everest Re Group Ltd. closed $17.84 short of its 52-week high ($281.27), which the company reached on May 3rd.
The stock outperformed some of its competitors Wednesday, as Arch Capital Group Ltd. /zigman2/quotes/206499364/composite ACGL +1.65% rose 2.49% to $39.97, RenaissanceRe Holdings Ltd. /zigman2/quotes/210486659/composite RNR +1.08% rose 2.23% to $153.76, and Maiden Holdings Ltd. /zigman2/quotes/204309347/composite MHLD 0.00% fell 3.05% to $3.18. Trading volume (561,734) eclipsed its 50-day average volume of 260,041.