Published on 14 Apr 2022 on Market Watch
New Residential Investment Corp. stock rises Wednesday, still underperforms market
Shares of New Residential Investment Corp. advanced 1.74% to $10.53 Wednesday, on what proved to be an all-around great trading session for the stock market, with the NASDAQ Composite Index rising 2.03% to 13,643.59 and the Dow Jones Industrial Average rising 1.01% to 34,564.59. This was the stock's second consecutive day of gains. New Residential Investment Corp. closed $1.28 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 Wednesday, as Realty Income Corp. rose 0.88% to $72.19, New York Mortgage Trust Inc. rose 1.74% to $3.50, and Nam Tai Property Inc. rose 1.64% to $6.80. Trading volume (3.5 M) remained 2.1 million below its 50-day average volume of 5.6 M.