Mr Cooper Group Inc (COOP)

[Mr_Simpson72]

https://www.equities.com/news/wmih-corp-wmih-moves-lower-on-volume-spike-for-july-30

WMIH Corp. (WMIH) traded on unusually high volume on Jul. 30, as the stock lost 4.7% to close at $1.42. On the day, WMIH Corp. saw 11.76 million shares trade hands on 16,443 trades. Considering that the stock averages only a daily volume of 1.25 million shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $1.61 and $0.60 over the last 52-weeks, its 50-day SMA is now $1.37, and its 200-day SMA $1.14. WMIH Corp. has a P/B ratio of 3.3.

WMIH Corp is a reinsurance company. It owns a legacy reinsurance business that is currently operated in runoff mode by WM Mortgage Reinsurance Company, Inc.