Shares of Genworth Financial Inc (GNW) Rally 7.39%

Genworth Financial Inc (GNW) has been under a strong bear grip, hence the stock is down -14.97% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 5.81% in the past 1 week. The stock has risen by 7.39% in the past week indicating that the buyers are active at lower levels, but the stock is down -11.25% in the past 4 weeks. The stock has recorded a 20-day Moving Average of 1.31% and the 50-Day Moving Average is 15.76%.

Genworth Financial Inc (NYSE:GNW): The stock opened at $2.78 on Friday but the bulls could not build on the opening and the stock topped out at $2.81 for the day. The stock traded down to $2.71 during the day, due to lack of any buying support eventually closed down at $2.76 with a loss of -0.36% for the day. The stock had closed at $2.77 on the previous day. The total traded volume was 3,415,358 shares.


The company Insiders own 0.26% of Genworth Financial Inc shares according to the proxy statements. Institutional Investors own 74.22% of Genworth Financial Inc shares. In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the CEO of Genworth Financial Inc, Mcinerney Thomas J had purchased shares worth of $156,300 in a transaction dated on August 31, 2015. A total of 30,000 shares were purchased at a price of $5.21 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

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.

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