Published on 29 Apr 2022 on Market Watch
New Residential Investment Corp. stock outperforms competitors despite losses on the day
Shares of New Residential Investment Corp. slipped 1.61% to $10.40 Friday, on what proved to be an all-around dismal trading session for the stock market, with the NASDAQ Composite Index falling 4.17% to 12,334.64 and Dow Jones Industrial Average falling 2.77% to 32,977.21. The stock's fall snapped a two-day winning streak. New Residential Investment Corp. closed $1.41 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 Friday, as Realty Income Corp. fell 4.28% to $69.36, New York Mortgage Trust Inc. fell 2.42% to $3.22, and Nam Tai Property Inc. rose 4.02% to $6.21. Trading volume (6.5 M) eclipsed its 50-day average volume of 5.0 M.