Ocwen Financial Corporation (NYSE:OCN) : During the past 4 weeks, traders have been relatively bearish on Ocwen Financial Corporation (NYSE:OCN), hence the stock is down -8.86% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -7.51% relative to the S&P 500. The 4-week change in the price of the stock is -7.39% and the stock has fallen -6.32% in the past 1 week.
The company shares have dropped -84.30% from its 1 Year high price. On Jul 30, 2015, the shares registered one year high at $11.82 and the one year low was seen on Jul 5, 2016. The 50-Day Moving Average price is $1.76 and the 200 Day Moving Average price is recorded at $3.42.
The stock has recorded a 20-day Moving Average of 0.18% and the 50-Day Moving Average is 12.45%.
Ocwen Financial Corporation (NYSE:OCN): stock turned positive on Friday. Though the stock opened at $1.61, the bulls momentum made the stock top out at $1.69 level for the day. The stock recorded a low of $1.6076 and closed the trading day at $1.63, in the green by 3.16%. The total traded volume for the day was 1,432,930. The stock had closed at $1.58 in the previous days trading.
In an insider trading activity, Kumbar Otto J, officer (EVP, Lending) of Ocwen Financial Corp, executed a transaction worth $146,000 on March 11, 2016. A total of 50,000 shares were purchased at an average price of $2.92. 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.
Ocwen Financial Corporation (Ocwen) is a financial services holding company. The Company, through its subsidiaries operates as a mortgage company. The Company operates in segments, including Servicing and Lending. The Companys Servicing business consists of its residential mortgage servicing business. The Servicing involves the collection and remittance of principal and interest payments received from borrowers, the administration of mortgage escrow accounts, the collection of insurance claims, the management of loans that are delinquent or in foreclosure or bankruptcy. In the Companys Lending business, it originates and purchases conventional and government-insured forward mortgage loans through the direct, wholesale and correspondent lending channels of its Homeward operations.