Insurance holding company Atlantic American Corporation (NASDAQ: AAME) had seen its stock soar considerably on Thursday and the trend continued during premarket trading this morning.
The stock is up by as high as 17% on the back of considerable trading volumes and it might be a good idea for investors to perhaps keep the stock on the watch list for today. It is, however, necessary to point out that there has been no news with regards to the company either yesterday or this morning.
Atlantic American operates in a wide range of insurance markets by way of its subsidiaries. It operates in property, casualty, health, and life insurance markets at this point. The company has a fairly large operation and at this point, it boasts of total assets of around $500 million. On the other hand, the annual revenues generated by the company stand at just short of $200 million, and hence, it is clear to see that its business is fairly substantial.