Hiscox issues a Q1 Trading Update on Tuesday, 7 May

• Last time Hiscox reported: FY Results, 25 Feb.
• The shares rose as much as 3.5% on the day for a daily range of 66p or 4.1%.
• Shares -2.5% from 2019 highs; +17.6% from 2019 lows; +2.4% year-to-date.
• Currently 1659p (at time of writing).
• Will we see another big share price move on Tuesday?
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Hiscox – An Example

Let’s say you think that Hiscox results are likely to be good, and the share price is likely to rise. You decide to buy exposure to £10,000 worth of Hiscox using CFDs, at the current price of 1659p. To do this, you need £2,000.

For the purpose of this example, let’s assume Hiscox reports strong results and the shares rise 10%. Your profit would be £1000, from your initial investment of £2,000.

Conversely, let’s assume you open the position, and place a stop-loss 3% below the current price. Hiscox results miss, it falls 3% and hits your stop-loss. Your loss would be £300.

This is provided for information purposes only. It should not be taken as a recommendation.