LONDON, October 30, 2013 /PRNewswire/ --
The U.S. equity market posted gains on Tuesday, October 29, 2013, with the S&P 500, the Dow Jones Industrial Average, and the NASDAQ Composite rising 0.56%, 0.72%, and 0.31%, respectively. Shares in the mortgage investment industry mostly ended on a lower note, even as the broader market advanced. The major movers in the industry included Nationstar Mortgage Holdings Inc. (NYSE: NSM), Western Asset Mortgage Capital Corporation (NYSE: WMC), KKR Financial Holdings LLC (NYSE: KFN), and Arlington Asset Investment Corporation (NYSE: AI). All these companies are tracked by AAAResearchReports.com. Free technical research on NSM, WMC, KFN, and AI can be downloaded upon signing up at:
Shares in Nationstar Mortgage Holdings Inc. edged higher on Tuesday, as the broader market posted gains. The company's shares closed the day 1.27% higher at $55.14, after trading between $54.35 and $55.46. A total of 0.72 million shares were traded, which is below the daily average volume of 0.79 million. The company's shares have gained 1.12% in the previous three trading sessions and 19.56% in the last three months, compared to a gain of 1.13% and 5.14% in the S&P 500 during the respective periods. Moreover, Nationstar Mortgage Holdings Inc.'s stock is above its 50-day and 200-day moving averages of $53.01 and $43.05, respectively. Sign up today to read free research report on NSM at:
Shares in Western Asset Mortgage Capital Corp. ended the day 2.58% lower at $16.64, after oscillating between $16.59 and $17.05. A total of 0.66 million shares were traded, which is above the daily average volume of 0.56 million. Despite Tuesday's pullback, the company's stock has gained 2.84% in the last one month and 0.30% in the previous three months, compared to a gain of 4.74% and 5.14% in the S&P 500 during the respective periods. Furthermore, Western Asset Mortgage Capital Corp.'s stock is trading above its 50-day moving average of $16.11. Register to download free technical analysis on WMC at:
KKR Financial Holdings LLC's stock fell by 0.70% on Tuesday, even as the broader market posted gains. The company's shares ended the day at $10.00, after trading between $10.00 and $10.14. A total of 1.67 million shares were traded, which is above the daily average volume of 0.82 million. The company's stock has fallen by 1.09% in the previous three trading sessions, underperforming the S&P 500, which has gained 1.13% during the same period. Additionally, KKR Financial Holdings LLC's shares are trading below their 50-day and 200-day moving averages of $10.35 and $10.73, respectively. A free report on KFN can be accessed by registering at:
On Tuesday, Arlington Asset Investment Corp.'s stock plummeted to end the day at $24.53, down 2.70% from the previous day's closing price of $25.21. The company's shares oscillated between $24.40 and $25.56 during the trading session. A total of 0.22 million shares were traded, which is above the daily average volume of 0.15 million. Arlington Asset Investment Corp.'s stock has fallen by 0.49% in the last one month, underperforming the S&P 500, which has gained 4.74% during the same period. However, the company's stock is trading above its 50-day moving average of $24.30. Register with AAA Research Reports and download the research on AI for free at:
Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider represented by Ananya Ghosh, CFA, has only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
NOT FINANCIAL ADVICE
Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.
NO WARRANTY OR LIABILITY ASSUMED
Equity News Network is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE AAA Research Reports