The price of Walter Investment Management shares has climbed to $49.09 (a 3.0% change) on heavy trading volume. Approximately 612,000 shares have changed hands today vs. average 30-day volume of 494,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.
There is potential upside of 0.4% for shares of Walter Investment Management based on a current price of $49.09 and an average consensus analyst price target of $49.29. The stock should discover initial support at its 50-day moving average (MA) of $42.60 and subsequent support at its 200-day MA of $30.28.
Walter Investment Management Corporation is a mortgage real estate investment trust. The Company is focused on the purchase and securitization of single family mortgage loan pools and subordinate mortgage-backed securities purchased in bulk directly from financial institutions.
In the past 52 weeks, Walter Investment Management share prices have been bracketed by a low of $17.87 and a high of $49.31 and are now at $49.09, 175% above that low price. Over the past week, the 200-day moving average (MA) has gone up 1.1% while the 50-day MA has advanced 0.4%.
