Genworth Financial Inc (GNW) : Traders are bullish on Genworth Financial Inc (GNW) as it has outperformed the S&P 500 by a wide margin of 35.59% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 9.84%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 9.8% in the last 1 week, and is up 36.11% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Genworth Financial, Inc. is up 8.29% in the last 3-month period. Year-to-Date the stock performance stands at 5.09%. The stock has recorded a 20-day Moving Average of 18.68% and the 50-Day Moving Average is 28.49%.
Genworth Financial Inc (NYSE:GNW): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $3.83 and $3.80 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $3.95. The buying momentum continued till the end and the stock did not give up its gains. It closed at $3.92, notching a gain of 1.29% for the day. The total traded volume was 5,211,273 . The stock had closed at $3.87 on the previous day.
Genworth Financial, Inc. is engaged in providing the insurance, retirement and homeownership needs of its customers. The Company operates through three divisions: U.S. Life Insurance, Global Mortgage Insurance and Corporate and Other. The Company operates in segments: U.S. Life Insurance, in which it offers and manages a variety of insurance and fixed annuity products in the United States; International Mortgage Insurance, in which it provides mortgage insurance products and related services in Canada and Australia, and also in select European and other countries; U.S. Mortgage Insurance, in which it offers mortgage insurance products predominantly insuring prime-based, individually underwritten residential mortgage loans; International Protection, in which it provides payment protection coverages, and Runoff, which includes the results of non-strategic products, which are no longer actively sold.