Walter Investment Management Corp (WAC) Drops 8.1% on January 19

Equities Staff |

Walter Investment Management Corp (WAC) was one of the Russell 2000's biggest losers for Tuesday January 19 as the stock slid 8.1% to $11.00, a loss of $-0.97 per share. Starting at an opening price of $12.12 a share, the stock traded between $10.90 and $12.15 over the course of the trading day. Volume was 397,447 shares over 1,843 trades, against an average daily volume of 274,967 shares and a total float of 37.8 million.

The losses send Walter Investment Management Corp down to a market cap of $415.83 million. In the last year, Walter Investment Management Corp has traded between $24.35 and $9.63, and its 50-day SMA is currently $13.11 and 200-day SMA is $16.79.

Walter Investment Management Corp is a diversified mortgage banking firm. It provides servicing and origination of residential loans, including reverse loans.

Walter Investment Management Corp is based out of Tampa, FL and has some 5,900 employees. Its CEO is Denmar J. Dixon.

For a complete fundamental analysis analysis of Walter Investment Management Corp, check out Equities.com’s Stock Valuation Analysis report for WAC. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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