Genworth Financial Inc (NYSE:GNW) has tumbled 7.72% during the past week and has dropped 14.09% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 6.61%. Genworth Financial Inc (NYSE:GNW) has underperformed the index by 14.87% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
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 $3.04 and $3.00 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $3.17. The buying momentum continued till the end and the stock did not give up its gains. It closed at $3.11, notching a gain of 3.32% for the day. The total traded volume was 10,750,125 . The stock had closed at $3.01 on the previous day.
The company shares have dropped -61.13% from its 1 Year high price. On Jun 24, 2015, the shares registered one year high at $8.09 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $3.59 and the 200 Day Moving Average price is recorded at $3.06.
On the companys insider trading activities, Mcinerney Thomas J, CEO of Genworth Financial Inc had purchased 30,000 shares on August 31, 2015 in a transaction. The price per share was $5.21 and the total amount of the disclosed transaction was $156,300.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.
Currently the company Insiders own 0.26% of Genworth Financial Inc shares according to the proxy statements. Institutional Investors own 75% of Genworth Financial Inc shares.
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.