Velocity Financial Inc (VEL) gains 3.76% for July 21

Equities Staff  |

Velocity Financial Inc (NYSE: VEL) shares gained 3.76%, or $0.47 per share, to close Wednesday at $12.97. After opening the day at $12.55, shares of Velocity fluctuated between $13.29 and $12.55. 27,455 shares traded hands a decrease from their 30 day average of 77,381. Wednesday's activity brought Velocity’s market cap to $266,760,397.

About Velocity Financial Inc

Based in Westlake Village, California, Velocity is a vertically integrated real estate finance company that primarily originates and manages investor loans secured by 1-4 unit residential rental and small commercial properties. Velocity originates loans nationwide across an extensive network of independent mortgage brokers.

Visit Velocity Financial Inc’s profile for more information.

About The New York Stock Exchange

The New York Stock Exchange is the world’s largest stock exchange by market value at over $26 trillion. It is also the leader for initial public offerings, with $82 billion raised in 2020, including six of the seven largest technology deals. 63% of SPAC proceeds in 2020 were raised on the NYSE, including the six largest transactions.

To get more information on Velocity Financial Inc and to follow the company’s latest updates, you can visit the company’s profile page here: Velocity Financial Inc’s Profile. For more news on the financial markets be sure to visit Equities News. Also, don’t forget to sign-up for the Daily Fix to receive the best stories to your inbox 5 days a week.

Sources: Chart is provided by TradingView based on 15-minute-delayed prices. All other data is provided by IEX Cloud as of 8:05 pm ET on the day of publication.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:

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