Radian Group (RDN) : Traders are bullish on Radian Group (RDN) as it has outperformed the S&P 500 by a wide margin of 8.28% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.13%, 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 2.65% in the last 1 week, and is up 8.13% 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 4.3% and the 50-Day Moving Average is 13.98%.The 200 Day SMA reached 15.13%. Radian Group Inc. is up 17.73% in the last 3-month period. Year-to-Date the stock performance stands at 4.33%.
Radian Group (NYSE:RDN): After opening at $13.84, the stock dipped to an intraday low of $13.76 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $14.04 and the buying power remained strong till the end. The stock closed at $13.96 for the day, a gain of 0.87% for the day session. The total traded volume was 1,613,302. The stocks close on the previous trading day was $13.84.
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.