Walter Investment Management Corp (WAC) Jumps 5.49% on January 27

Equities Staff |

Walter Investment Management Corp (WAC) was among the biggest gainers on the Russell 2000 for Wednesday January 27 as the stock popped 5.49% to $9.80, representing a gain of $0.51 per share. Some 253,040 shares traded hands on 1,811 trades, compared with an average daily volume of 297,497 shares out of a total float of 37.8 million. The stock opened at $9.32 and traded with an intraday range of $9.97 to $9.24.

After today's gains, Walter Investment Management Corp reached a market cap of $370.46 million. Walter Investment Management Corp has had a trading range between $24.35 and $8.86 over the last year, and it had a 50-day SMA of $13.01 and a 200-day SMA of $16.59.

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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