Early Briefing and Review: KKR Financial Holdings LLC, Nationstar Mortgage
Holdings Inc., Western Asset Mortgage Capital Corp., and Arlington Asset
LONDON, November 21, 2013
LONDON, November 21, 2013 /PRNewswire/ --
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The U.S. equity market posted losses on Wednesday, November 20, 2013, with the
S&P 500, the Dow Jones Industrial Average, and the NASDAQ Composite falling by
0.36%, 0.41%, and 0.26%, respectively. Shares in the mortgage investment
industry mostly ended on a higher note, even as the broader market posted
losses. The major movers in the industry included KKR Financial Holdings LLC
(NYSE: KFN), Nationstar Mortgage Holdings Inc. (NYSE: NSM), Western Asset
Mortgage Capital Corporation (NYSE: WMC), and Arlington Asset Investment
Corporation (NYSE: AI). AAAResearchReports.com has released free charting and
technical research on these aforementioned companies. Register to read these
KKR Financial Holdings LLC's stock advanced on Wednesday, even as the broader
market posted losses. The company's shares ended the day 1.88% higher at
$9.75, after trading between $9.61 and $9.85. A total of 0.80 million shares
were traded, which is below the daily average volume of 0.92 million. The
company's shares have gained 1.56% in the previous three trading sessions,
outperforming the S&P 500, which has fallen by 0.93% during the same period.
However, KKR Financial Holdings LLC's stock is trading below its 50-day and
200-day moving averages of $10.17 and $10.60, respectively. Sign up for free
report on KFN at:
On Wednesday, shares in Nationstar Mortgage Holdings Inc. finished the day at
$38.59, which is 0.55% higher than the previous day's closing price of $38.38.
The company's shares oscillated between $38.40 and $39.78 during the trading
session. A total of 0.80 million shares were traded, which is below the daily
average volume of 1.08 million. Despite Wednesday's gains, the company's
shares have fallen by 0.67% in the previous three trading sessions, compared
to a loss of 0.93% in the S&P 500 during the same period. Additionally,
Nationstar Mortgage Holdings Inc.'s stock is trading below its 50-day and
200-day moving averages of $51.04 and $43.69, respectively. NSM free technical
report can be accessed by signing up at:
Shares in Western Asset Mortgage Capital Corp. fluctuated between $16.04 and
$16.37 before ending Wednesday's session 0.44% higher at $16.12. A total of
0.42 million shares were traded, which is below the daily average volume of
0.55 million. The company's shares have gained 6.54% in the previous three
months, compared to a gain of 7.81% in the S&P 500 during the same period.
However, Western Asset Mortgage Capital Corp.'s stock is trading below its
50-day and 200-day moving averages of $16.32 and $18.64, respectively. A free
report on WMC can be accessed by registering at:
On Wednesday, shares in Arlington Asset Investment Corp. closed at $25.43,
down 0.47% from the previous day's closing price of $25.55. The company's
shares vacillated between $25.39 and $25.90 during the trading session. A
total of 0.11 million shares were traded, which is below the daily average
volume of 0.15 million. Despite Wednesday's losses, the company's shares have
gained 2.25% in the last one month and 8.40% in the previous three months,
outperforming the S&P 500, which has gained 2.11% and 7.81% during the
respective periods. Moreover, Arlington Asset Investment Corp.'s stock is
trading above its 50-day moving average of $24.77.
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