Ocwen Financial Corporation (OCN) : During the past 4 weeks, traders have been relatively bearish on Ocwen Financial Corporation (OCN), hence the stock is down -11.84% 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 -12.14% relative to the S&P 500. The 4-week change in the price of the stock is -5.88% and the stock has fallen -11.6% in the past 1 week.
Ocwen Financial Corporation (NYSE:OCN): The stock opened at $1.66 on Friday but the bulls could not build on the opening and the stock topped out at $1.66 for the day. The stock traded down to $1.59 during the day, due to lack of any buying support eventually closed down at $1.60 with a loss of -2.44% for the day. The stock had closed at $1.64 on the previous day. The total traded volume was 898,938 shares.
The stock has recorded a 20-day Moving Average of 5.49% and the 50-Day Moving Average is 9.91%. Ocwen Financial Corp. has dropped 38.46% during the last 3-month period . Year-to-Date the stock performance stands at -77.04%.
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.