Exzeo Group (XZO) stock drops 6% to start 2026 as traders reset positions
NEW YORK, Jan 3, 2026, 8:54 PM ET — Market closed Exzeo Group, Inc. shares closed down 6.14% on Friday at $22.76, a sharp pullback on the first trading day of 2026 for the newly listed insurance-technology company. StockAnalysis Moves in fresh IPOs can be amplified when the public float — the shares available for trading — is relatively small. Exzeo’s parent, HCI Group, retained an 81.5% ownership stake after the offering, according to Reuters. Reuters The drop came as Wall Street ended mixed and Treasury yields ticked higher, a combination that can cool appetite for growth-oriented stocks. The S&P