Published on 28 Apr 2022 on Market Watch
New Residential Investment Corp. stock rises Thursday, outperforms market
Shares of New Residential Investment Corp. rallied 3.53% to $10.57 Thursday, on what proved to be an all-around positive trading session for the stock market, with the NASDAQ Composite Index rising 3.06% to 12,871.53 and the Dow Jones Industrial Average rising 1.85% to 33,916.39. This was the stock's second consecutive day of gains. New Residential Investment Corp. closed $1.24 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 Thursday, as Realty Income Corp. rose 1.47% to $72.71, New York Mortgage Trust Inc. rose 3.77% to $3.30, and Nam Tai Property Inc. fell 4.02% to $5.97. Trading volume (4.6 M) remained 366,577 below its 50-day average volume of 5.0 M.