Large Inflow of Money Witnessed in Genworth Financial Inc

Genworth Financial Inc (NYSE:GNW) : Investors lapped up stocks on upticks to the tune of $2.53 million in the Wednesdays trading session. The trading value on downticks was comparatively at $1.95 million and the uptick to downtick ratio of 1.3 indicates continuous buying by the bulls. The net money flow into the stock was $0.58 million. The block trades were dominated by the bulls with a healthy 3.19, uptick to downtick ratio. Only $0.27 million worth of trades exchanged hands on downticks showing the reluctance of the large traders to part with their holdings. Upticks saw transactions worth $0.86 clearly indicating buying by large investors. The total money flow for block trades stood at $0.59 million, which is a positive for the stock in the long-term. Genworth Financial Inc (NYSE:GNW) fell $0.01 during the day at $2.6, a drop of -0.19% over the previous days close. However, for the week, the stock is -14.92%, compared to the previous week.


In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the CEO of Genworth Financial Inc, Mcinerney Thomas J, had purchased 30,000 shares in a transaction dated on August 31, 2015. The transaction was executed at $5.21 per share with total amount equaling $156,300. Currently the company Insiders own 0.26% of Genworth Financial Inc shares according to the proxy statements. Institutional Investors own 74.17% of Genworth Financial Inc shares.

The company shares have dropped -65.47% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $7.90 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $3.43 and the 200 Day Moving Average price is recorded at $2.98. Genworth Financial Inc (NYSE:GNW): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $2.68 and $2.56 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $2.68. The buying momentum continued till the end and the stock did not give up its gains. It closed at $2.65, notching a gain of 1.92% for the day. The total traded volume was 9,234,215 . The stock had closed at $2.60 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.

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