Radian Group (RDN) has risen sharply, recording gains of 18.05% in the past 4 weeks. However, the stock has corrected -0.42% 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 10.58% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Radian Group (NYSE:RDN): The stock was completely flat for the day, closing at $11.97 on Friday. The flat closing masks the intraday volatility in the stock. After opening at $11.97, the stock touched an intraday high of $12.04 and a low of $11.92. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $11.97. The total trading volume on Friday was 1,298,033.
The stock has recorded a 20-day Moving Average of 9.02% and the 50-Day Moving Average is 5.4%. Radian Group Inc. has dropped 3.52% during the last 3-month period . Year-to-Date the stock performance stands at -10.56%.
Radian Group Inc. provides mortgage insurance on domestic residential First-liens and other products and services. The Company operates in two business segments: mortgage insurance and MRES. The mortgage insurance segment provides credit-related insurance coverage, principally through private mortgage insurance, to mortgage lending institutions. The Company conducts mortgage insurance business primarily through Radian Guaranty, the Companys principal mortgage insurance subsidiary. The MRES segment provides services and solutions to the mortgage and real estate industries primarily through Clayton. The Company also provides direct insurance and reinsurance on credit-based risks through Radian Asset Assurance, its principal financial guaranty subsidiary that is a wholly owned subsidiary of Radian Guaranty. Its customers are mortgage originators, such as mortgage bankers, mortgage brokers, commercial banks, savings institutions, credit unions and community banks.