Altisource Residential Corporation (RESI) : Traders are bullish on Altisource Residential Corporation (RESI) as it has outperformed the S&P 500 by a wide margin of 11.97% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.24%, 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 5.3% in the last 1 week, and is up 13.13% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 8.05% and the 50-Day Moving Average is 10.61%. Altisource Residential Corporation (NYSE:RESI): stock turned positive on Friday. Though the stock opened at $10.22, the bulls momentum made the stock top out at $10.57 level for the day. The stock recorded a low of $10.22 and closed the trading day at $10.34, in the green by 1.17%. The total traded volume for the day was 531,929. The stock had closed at $10.22 in the previous days trading.
The company Insiders own 0.12% of Altisource Residential Corporation shares according to the proxy statements. Institutional Investors own 86.62% of Altisource Residential Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 20.47%.
Altisource Residential Corporation is a real estate investment trust (REIT). The Company is focused on acquiring, owning and managing single-family rental properties throughout the United States. It acquires its single-family rental properties primarily through the acquisition of sub-performing and non-performing loan portfolios. It conducts most of its activities through its operating partnership, Altisource Residential, L.P., and its subsidiaries. The Company is engaged in the management of single-family rental properties using Altisource Portfolio Solutions S.A.s (Altisource) vendor network. Its contracted relationships with manufacturers and material suppliers, who are also used by Altisource, enable it to manage the ordering and delivery of flooring, appliances, paint, fixtures and lighting for renovation and unit turn work. It has direct access to Altisources inspection and estimating application. It is managed by Altisource Asset Management Corporation (AAMC).