PHH Corp (PHH) has been under a strong bear grip, hence the stock is down -5.78% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.67% in the past 1 week. The stock has risen by 0.84% in the past week indicating that the buyers are active at lower levels, but the stock is down -6.29% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 1.26% and the 50-Day Moving Average is 2.69%.The 200 Day SMA reached 8.19%
PHH Corp (NYSE:PHH): After opening at $14.34, the stock dipped to an intraday low of $14.2 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $14.51 and the buying power remained strong till the end. The stock closed at $14.45 for the day, a gain of 1.69% for the day session. The total traded volume was 729,850. The stocks close on the previous trading day was $14.45.
PHH Corp (PHH) : The highest short term price target forecast on PHH Corp (PHH) is $18 and the lowest target price is $17. A total of 2 equity analysts are currently covering the company. The average price of all the analysts is $17.5 with a standard deviation of $0.71.
PHH Corporation (PHH) is an outsource provider of residential mortgage services. The Company conducts its business through two segments: Mortgage Production and Mortgage Servicing. Its Mortgage Production segment originates, purchases and sells mortgage loans through PHH Mortgage. The Mortgage Servicing segment services mortgage loans originated by PHH Mortgage and acts as a subservicer for certain clients that own the underlying servicing rights. The Company is a non-bank mortgage originator and servicer of United States residential mortgage loans. Through its wholly-owned subsidiary, PHH Mortgage Corporation and its subsidiaries (PHH Mortgage), the Company provides outsourced mortgage banking services to a variety of clients, including financial institutions and real estate brokers throughout the United States and are focused on originating, selling and servicing residential mortgage loans.