Mortgage insurer breaks 52-week downward slump to post an impressive recovery of over 80 per cent
The latest numbers posted by Genworth Financial, Inc. (GNW) revealed that it is currently holding significant upside potential, growing 0.7 per cent ($0.02) to close at $2.86 on a light 4.19M trading volume (compared to GNW’s three-month average trading volume of 8.07M).
In a July 20 press release, the U.S.-based company (headquartered in Richmond, Virginia) was shown to have broken its 52-week downward slump (with share prices having declined by -62.27 per cent over that period) to rebound by 82.17 per cent (price target $3.97), “making it a hold with a view buy.”
Aside from its offerings in Australia and the United States, Genworth also provides mortgage insurance products and services in Canadian capital markets. Founded in 2003, Genworth operates through channels such as sales specialists, financial intermediaries, employer groups, and appointed independent producers.
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In a July 20 press release, the U.S.-based company (headquartered in Richmond, Virginia) was shown to have broken its 52-week downward slump (with share prices having declined by -62.27 per cent over that period) to rebound by 82.17 per cent (price target $3.97), “making it a hold with a view buy.”
Aside from its offerings in Australia and the United States, Genworth also provides mortgage insurance products and services in Canadian capital markets. Founded in 2003, Genworth operates through channels such as sales specialists, financial intermediaries, employer groups, and appointed independent producers.
Related Stories:
Mortgage insurer’s rating upgraded
Analyst outlines dangers looming in the housing market's horizon
