Before the Bell Scans: Nationstar Mortgage Holdings Inc., Western Asset
Mortgage Capital Corp., KKR Financial Holdings LLC, and Arlington Asset
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LONDON, October 30, 2013
LONDON, October 30, 2013 /PRNewswire/ --
The U.S. equity market posted gains on Tuesday, October 29, 2013, with the S&P
500, the Dow Jones Industrial Average, and the NASDAQ Composite rising 0.56%,
0.72%, and 0.31%, respectively. Shares in the mortgage investment industry
mostly ended on a lower note, even as the broader market advanced. The major
movers in the industry included Nationstar Mortgage Holdings Inc. (NYSE: NSM),
Western Asset Mortgage Capital Corporation (NYSE: WMC), KKR Financial Holdings
LLC (NYSE: KFN), and Arlington Asset Investment Corporation (NYSE: AI). All
these companies are tracked by AAAResearchReports.com. Free technical research
on NSM, WMC, KFN, and AI can be downloaded upon signing up at:
Shares in Nationstar Mortgage Holdings Inc. edged higher on Tuesday, as the
broader market posted gains. The company's shares closed the day 1.27% higher
at $55.14, after trading between $54.35 and $55.46. A total of 0.72 million
shares were traded, which is below the daily average volume of 0.79 million.
The company's shares have gained 1.12% in the previous three trading sessions
and 19.56% in the last three months, compared to a gain of 1.13% and 5.14% in
the S&P 500 during the respective periods. Moreover, Nationstar Mortgage
Holdings Inc.'s stock is above its 50-day and 200-day moving averages of
$53.01 and $43.05, respectively. Sign up today to read free research report on
Shares in Western Asset Mortgage Capital Corp. ended the day 2.58% lower at
$16.64, after oscillating between $16.59 and $17.05. A total of 0.66 million
shares were traded, which is above the daily average volume of 0.56 million.
Despite Tuesday's pullback, the company's stock has gained 2.84% in the last
one month and 0.30% in the previous three months, compared to a gain of 4.74%
and 5.14% in the S&P 500 during the respective periods. Furthermore, Western
Asset Mortgage Capital Corp.'s stock is trading above its 50-day moving
average of $16.11. Register to download free technical analysis on WMC at:
KKR Financial Holdings LLC's stock fell by 0.70% on Tuesday, even as the
broader market posted gains. The company's shares ended the day at $10.00,
after trading between $10.00 and $10.14. A total of 1.67 million shares were
traded, which is above the daily average volume of 0.82 million. The company's
stock has fallen by 1.09% in the previous three trading sessions,
underperforming the S&P 500, which has gained 1.13% during the same period.
Additionally, KKR Financial Holdings LLC's shares are trading below their
50-day and 200-day moving averages of $10.35 and $10.73, respectively. A free
report on KFN can be accessed by registering at:
On Tuesday, Arlington Asset Investment Corp.'s stock plummeted to end the day
at $24.53, down 2.70% from the previous day's closing price of $25.21. The
company's shares oscillated between $24.40 and $25.56 during the trading
session. A total of 0.22 million shares were traded, which is above the daily
average volume of 0.15 million. Arlington Asset Investment Corp.'s stock has
fallen by 0.49% in the last one month, underperforming the S&P 500, which has
gained 4.74% during the same period. However, the company's stock is trading
above its 50-day moving average of $24.30. Register with AAA Research Reports
and download the research on AI for free at:
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