Voya Financial (VOYA) has risen sharply, recording gains of 8.22% in the past 4 weeks. However, the stock has corrected -2.43% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 7.11% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 3.87% and the 50-Day Moving Average is 1.16%. Voya Financial (NYSE:VOYA): On Fridays trading session , Opening price of the stock was $27.2 with an intraday high of $27.445. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $27.08. However, the stock managed to close at $27.26, a loss of 0.94% for the day. On the previous day, the stock had closed at $27.52. The total traded volume of the day was 1,138,805 shares.
The company Insiders own 0.17% of Voya Financial shares according to the proxy statements. Institutional Investors own 96.07% of Voya Financial shares. Also, Goldman Sachs downgrades its rating on Voya Financial (NYSE:VOYA). The global brokerage major lowers the current price target from $39 per share to $29 per share. Analysts at the Goldman Sachs have a current rating of Neutral on the shares. The shares were previously rated Buy. The rating by the firm was issued on July 15, 2016.
Voya Financial, Inc. is a retirement, investment and insurance company. The Company provides retirement services, annuities, investment management services, mutual funds, life insurance, group insurance and supplemental health products, guaranteed investment contracts and funding agreements. The Company provides its principal products and services in three ongoing businesses: Retirement Solutions, Investment Management and Insurance Solutions. Retirement Solutions operates institutional retirement plans business and retail wealth management business. Investment Management segment offers fixed income, equity, multi-asset and alternatives products and solutions. Insurance Solutions segment offers insurance and employee benefit plans.