Analysts View on Financial Sector Equities -- Research on W.R. Berkley, Forest City, Ocwen Financial, and Nationstar Mortgage Holdings
Editor Note: For more information about this release, please scroll to bottom
LONDON, May 7, 2014 /PRNewswire/ --
On Tuesday, May 06, 2014, the NASDAQ Composite ended at 4,080.76, down 1.38%, the Dow Jones Industrial Average finished the day 0.78% lower at 16,401.02, and the S&P 500 closed at 1,867.72, down 0.90%. The losses were broad based as nine out of ten sectors ended the session in negative. The S&P 500 Financials Sector Index ended the day at 290.95, down 1.40%, and the index has declined 2.62% in the last one month. Investor-Edge has initiated coverage on the following equities: W.R. Berkley Corporation (NYSE: WRB), Forest City Enterprises Inc. (NYSE: FCE-A), Ocwen Financial Corporation (NYSE: OCN) and Nationstar Mortgage Holdings Inc. (NYSE: NSM). Free technical research on WRB, FCE-A, OCN and NSM can be downloaded upon signing up at:
http://www.investor-edge.com/2214-register
On Tuesday, W.R. Berkley Corp.'s stock recorded a trading volume of 0.61 million shares, close to its three months average volume of 0.60 million shares. The stock finished the day at $44.06, down 0.77%, and registered an intraday range of $43.98 and $44.34. Shares of W.R. Berkley Corp. have advanced 6.50% in the last one month and 13.76% in the previous three months. Also, the stock has gained an upside of 1.54% on YTD basis. Furthermore, the company's stock is trading above its 50-day and 200-day moving averages of $41.52 and $42.12, respectively. Additionally, shares of the company traded at a PE ratio of 13.83 and have a Relative Strength Index (RSI) of 74.26. Sign up today to read free research on WRB at:
http://www.investor-edge.com/2214-WRB-07May2014.pdf
Forest City Enterprises Inc.'s stock fell by 0.42%, to close Tuesday's session at $19.06, after oscillating between $18.95 and $19.12. The stock recorded a trading volume of 0.48 million shares, below its three months average volume of 0.66 million shares. Over the previous three trading sessions and past three months, Forest City Enterprises Inc.'s shares have gained 0.11% and 4.27%, respectively. However, from the beginning of 2014, the company's stock has fallen by 0.21%. The stock is trading above its 50-day and 200-day moving averages. The company stock's 50-day moving average of $19.03 is above its 200-day moving average of $18.88. Further, the company's stock has an RSI of 56.75. Sign up today to read free research on FCE-A at:
http://www.investor-edge.com/2214-FCE-A-07May2014.pdf
On Tuesday, Ocwen Financial Corp.'s stock finished the session 4.71% lower at $32.14, hitting a new 52-week low of $31.77. A total of 6.90 million shares were traded, which was above its three months average volume of 3.85 million shares. The stock moved between $31.77 and $33.67 during the session. Over the last one month and previous three months, Ocwen Financial Corp.'s shares have declined 17.63% and 22.23%, respectively. Also, the stock has gone-down by 42.04% since the start of this year. The company's shares are trading below their 50-day and 200-day moving averages. Moreover, the stock's 200-day moving average of $48.56 is greater than its 50-day moving average of $38.48. Ocwen Financial Corp.'s stock traded at a PE ratio of 11.17 and it has an RSI of 31.10. Sign up today to read free research on OCN at:
http://www.investor-edge.com/2214-OCN-07May2014.pdf
Shares in Nationstar Mortgage Holdings Inc. fluctuated between $28.78 and $30.22 before ending the session down 3.89%, at $28.93, on Tuesday. The company's stock reported a trading volume of 0.67 million shares, below its three months average volume of 1.20 million shares. Further, shares of Nationstar Mortgage Holdings Inc. have lost 5.05% in the last one month and 21.73% on YTD basis. However, the stock has gained 10.17% over the past three months. The stock is trading below its 50-day and 200-day moving averages. The stock's 200-day moving average of $40.50 is greater than its 50-day moving average of $31.39. Moreover, shares of the company traded at a PE ratio of 11.53 and have an RSI of 43.33. Sign up today to read free research on NSM at:
http://www.investor-edge.com/2214-NSM-07May2014.pdf
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EDITOR'S NOTES:
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1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.
2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
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