Nationstar Mortgage Holdings (NSM) has risen sharply, recording gains of 28.43% in the past 4 weeks. However, the stock has corrected -0.91% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 27.12% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 15.01% and the 50-Day Moving Average is 23.42%. Nationstar Mortgage Holdings (NYSE:NSM): On Fridays trading session , Opening price of the stock was $15.23 with an intraday high of $15.34. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $15.05. However, the stock managed to close at $15.18, a loss of 0.52% for the day. On the previous day, the stock had closed at $15.26. The total traded volume of the day was 642,207 shares.
The company Insiders own 67.2% of Nationstar Mortgage Holdings shares according to the proxy statements. Also, In the latest statement by the brokerage house, Barclays maintains its outlook on Nationstar Mortgage Holdings (NYSE:NSM). The current rating of the shares is Equal-weight, according to the research report released by the firm. The brokerage firm raises the price target from $12 per share to $14 per share. The rating by the firm was issued on August 4, 2016.
Nationstar Mortgage Holdings Inc. (Nationstar) is a real estate services company engaged in delivery of servicing, origination and transaction-based services to single-family residences throughout the United States. Its segments are: Servicing, Originations and Solutionstar. The Company provides residential mortgage servicers in the United States conducting operations through its Nationstar Mortgage and Champion Mortgage brands. Solutionstar is the Companys technology and services segment, which provides technology and data solutions to homebuyers, home sellers, real estate agents and companies that engage in the origination and servicing of loans. It caters to homeowners, homebuyers and home sellers.