Arthur J. Gallagher stock sheds 4.32% and underperforms competitors

6 articles · Updated · MarketWatch · May 6

The shares closed at $196.91 on Wednesday, even as the S&P 500 rose 1.46% and the Dow gained 1.24% in a broadly positive session.
It was the stock's third straight daily decline and left it 43.94% below its 52-week high of $351.23 reached on 3 June.
Gallagher lagged peers including Marsh, MetLife and AFLAC, while trading volume of 2.2 million shares topped its 50-day average of 2.1 million.

AJG's earnings beat forecasts, so why did its stock suffer a three-day, high-volume plunge?

Analysts project a 37% upside for AJG, so why are insiders selling and short interest surging?