On a relative basis, the stock has outperformed the S&P 500 by 14.83% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.08% in the last 1 week, and is up 17.69% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Radian Group (NYSE:RDN): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $12.85 and $12.78 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $13.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $12.91, notching a gain of 1.65% for the day. The total traded volume was 2,152,572 . The stock had closed at $12.70 on the previous day.
The stock has recorded a 20-day Moving Average of 6.22% and the 50-Day Moving Average is 12.67%. Radian Group Inc. is up 5.93% in the last 3-month period. Year-to-Date the stock performance stands at -3.54%.
Radian Group (RDN) has been rated by 6 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $17 and the lowest price target forecast is $12. The average forecast of all the analysts is $15.42 and the expected standard deviation is $1.69.
Radian Group Inc. provides mortgage insurance on domestic residential First-liens and other products and services. The Company operates in two business segments: mortgage insurance and MRES. The mortgage insurance segment provides credit-related insurance coverage, principally through private mortgage insurance, to mortgage lending institutions. The Company conducts mortgage insurance business primarily through Radian Guaranty, the Companys principal mortgage insurance subsidiary. The MRES segment provides services and solutions to the mortgage and real estate industries primarily through Clayton. The Company also provides direct insurance and reinsurance on credit-based risks through Radian Asset Assurance, its principal financial guaranty subsidiary that is a wholly owned subsidiary of Radian Guaranty. Its customers are mortgage originators, such as mortgage bankers, mortgage brokers, commercial banks, savings institutions, credit unions and community banks.