Genworth Financial Inc (GNW) : Traders are bullish on Genworth Financial Inc (GNW) as it has outperformed the S&P 500 by a wide margin of 32.5% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 21.51%, 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 22.03% in the last 1 week, and is up 35.8% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Genworth Financial Inc (NYSE:GNW): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $3.43 and $3.37 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $3.50. The buying momentum continued till the end and the stock did not give up its gains. It closed at $3.49, notching a gain of 4.49% for the day. The total traded volume was 8,908,732 . The stock had closed at $3.34 on the previous day.
The stock has recorded a 20-day Moving Average of 21.69% and the 50-Day Moving Average is 14.43%. Genworth Financial, Inc. has dropped 8.4% during the last 3-month period . Year-to-Date the stock performance stands at -6.43%.
Genworth Financial Inc (GNW) : The highest short term price target forecast on Genworth Financial Inc (GNW) is $8 and the lowest target price is $2. A total of 4 equity analysts are currently covering the company. The average price of all the analysts is $4.88 with a standard deviation of $2.49.
Genworth Financial, Inc. is engaged in providing the insurance, retirement and homeownership needs of its customers. The Company operates through three divisions: U.S. Life Insurance, Global Mortgage Insurance and Corporate and Other. The Company operates in segments: U.S. Life Insurance, in which it offers and manages a variety of insurance and fixed annuity products in the United States; International Mortgage Insurance, in which it provides mortgage insurance products and related services in Canada and Australia, and also in select European and other countries; U.S. Mortgage Insurance, in which it offers mortgage insurance products predominantly insuring prime-based, individually underwritten residential mortgage loans; International Protection, in which it provides payment protection coverages, and Runoff, which includes the results of non-strategic products, which are no longer actively sold.