Shares of New Residential Investment (NRZ) Sees Large Outflow of Money

New Residential Investment (NRZ) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (4.24 million) in New Residential Investment (NRZ). On Monday, The value of composite uptick trades was $5.04 million, whereas, the value of composite downtick trades was $9.28 million and the ratio between the two was 0.54, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $2.85 million. $0.63 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.22. The negative money flow of ($2.22 million) shows selling on strength. New Residential Investment (NRZ) gained $0.04 intraday at $14.17 and registrered 0.28% for the week.


New Residential Investment Corp. has dropped 0.7% in the last five trading days, however, the shares have posted positive gains of 7.86% in the last 4 weeks. New Residential Investment Corp. is up 9.14% in the last 3-month period. Year-to-Date the stock performance stands at 25.02%.

New Residential Investment (NYSE:NRZ): The stock was completely flat for the day, closing at $14.13 on Monday. The flat closing masks the intraday volatility in the stock. After opening at $14.19, the stock touched an intraday high of $14.23 and a low of $14.11. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $14.13. The total trading volume on Monday was 4,633,624.

In a related news, Nierenberg Michael, CEO of New Residential Investment Corp., executed a transaction worth $146,055 on June 15, 2015. A total of 9,100 shares were purchased at an average price of $16.05. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

New Residential Investment Corp. (New Residential) is a publicly traded real estate investment trust. The Company is focused on investing and managing residential real estate investments. Its portfolio consists of servicing related assets, residential securities and loans and other investments. Its business segments include: Excess Mortgage Servicing Rights (Excess MSRs), Servicer Advances, Real Estate Securities, Real Estate Loans, Consumer Loans and Corporate. It has acquired Excess MSRs on residential mortgage loans with an aggregate unpaid principal balance (UPB) as of December 31, 2014 of approximately $248.7 billion. It acquires and manages a portfolio of credit sensitive real estate securities, including Non-Agency and Agency residential mortgage backed securities (RMBS). It has acquired residential mortgage loans, including performing, non-performing, re-performing and reverse mortgage loans.

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