Published on 9 May 2022 on Market Watch
New Residential Investment Corp. stock outperforms market despite losses on the day
Shares of New Residential Investment Corp. shed 2.52% to $10.85 Monday, on what proved to be an all-around dismal trading session for the stock market, with the NASDAQ Composite Index falling 4.29% to 11,623.25 and Dow Jones Industrial Average falling 1.99% to 32,245.70. This was the stock's third consecutive day of losses. New Residential Investment Corp. closed $0.96 below its 52-week high ($11.81), which the company reached on November 3rd.
The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Realty Income Corp. fell 2.36% to $64.56, New York Mortgage Trust Inc. fell 4.13% to $3.02, and Nam Tai Property Inc. fell 11.64% to $4.63. Trading volume (8.2 M) eclipsed its 50-day average volume of 5.6 M.