This Birmingham insurer soared despite down day on Wall Street

This Birmingham insurer soared despite down day on Wall Street

A down day on Wall Street amounted to a ho-hum day on our Birmingham and Alabama Stock Report, but there was one pretty significant exception.

Birmingham-based ProAssurance Corporation, a property and casualty company that sells professional liability insurance to doctors, shot up 8.2%.

Elsewhere, Honda was the next biggest gainer at 2.7%.

At the other end of the spectrum, a trio of stocks led the decliners, all at 2.1%: Medical Properties Trust, Synovus and PNC.

Community Health Systems stemmed its recent downward slide with a .8% gain.

Overall, stocks slipped Wednesday, as Wall Street braced for a highly anticipated report on inflation that’s on the way.