Published on 19 Apr 2022 on Market Watch
New Residential Investment Corp. stock outperforms market on strong trading day
Shares of New Residential Investment Corp. inched 0.84% higher to $10.75 Monday, on what proved to be an all-around dismal trading session for the stock market, with the NASDAQ Composite Index falling 0.14% to 13,332.36 and Dow Jones Industrial Average falling 0.11% to 34,411.69. This was the stock's fourth consecutive day of gains. New Residential Investment Corp. closed $1.06 short of its 52-week high ($11.81), which the company achieved on November 3rd.
The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Realty Income Corp. rose 0.88% to $73.25, New York Mortgage Trust Inc. fell 1.71% to $3.44, and Nam Tai Property Inc. fell 8.09% to $6.25. Trading volume (3.0 M) remained 2.5 million below its 50-day average volume of 5.5 M.