Radian Group Inc. (NYSE: RDN) shares fell in early trading today on lower trade volume than normal after a number of analysts weighed in on the investing value of the stock and reiterated thier respective ratings.
Meanwhile, U.S. stocks edged lower Monday, with major indexes retreating from record levels.
The Dow Jones Industrial Average DJIA, -0.31% fell 48 points, or 0.2%, to 19,916, while the S&P 500 index SPX, -0.29% lost 5 points to 2,272, a drop of 0.2%. The Nasdaq Composite Index COMP, -0.03% rose 4 points to 5,529, a gain of about 0.1%.
Barclays PLC analysts reiterated its Buy rating on Radian Group Inc. (NYSE: RDN) in a note to investors, making it one of the more closely watched stocks on Wall Street. Barclays PLC currently has a rating of Buy on the stock. The one-year price target of $20.05 is above the opening price of $17.81, that has caused a fair amount of other analysts to comment on the stock in recent days. Looking back over the last year, Radian Group Inc. stock has a high of $18.75. Share prices often move to the upside on recommendations and new price targets of professional brokerage firms.
Shares of Radian Group Inc. (NYSE: RDN) opened at $17.81 yesterday and traded in a range between, $17.13 and $17.81, and last traded at $17.41, which is a drop of $0.79 compared to the previous closing price.
Radian Group Inc. (NYSE: RDN) now has a market cap of 3.73B.
Radian Group Inc. (NYSE: RDN) Average Daily Trading Volume
The stock’s average daily volume is 2,656,260 shares out of a total float 213,155,000 and some 1,040,374 shares crossed the trading desk yesterday, 40 percent lower than the norm. lower than normal. Look for trading volume to pick up in the coming days as swing traders often use swings in trading volume to identify heavy volume accumulation or distribution by institutional investors.
While increased trading for one day will not mean much, conversely, a trend of heavy trading volume on the buy side over a period of days or weeks sends a positive signal to market traders that institutions may be moving in, so institutional sponsorship is very important.
Institutional sponsorship commonly refers to ownership of a stock by mutual funds, banks, pension funds and other large institutions.
These professional investors have substantial teams of analysts that investigate thousands of stocks, so it is good validation to see them buying a stock you’re considering.
Radian Group Inc. (NYSE: RDN) Moving Averages
A moving average can also act as support or resistance. In an uptrend a 50-day, 100-day or 200-day moving average may act as a support level, as shown in the figure below.
This is because the average acts like a floor (support), so the price bounces up off of it.
In a downtrend a moving average may act as resistance; like a ceiling, the price hits it and then starts to drop again.
By spotting trends, moving averages allow traders to make those trends work in their favor and increase the number of successful trades.
Trades for Radian Group Inc. (NYSE: RDN) have ranged from $9.29 – 18.7500, and the stock now has a 50-day MA of $16.60 and 200-day MA of $13.85. Today’s last price is 7.17%% lower than the 52 week high of $18.75.
Earnings growth is an important factor to research when buying stocks and investors seek companies that have raised their earnings by at least 25% over the past 3 years.
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