Shares of Flagstar Bancorp (NYSE:FBC) were gapping down Wednesday morning with an open price 11.4% lower than Tuesday's closing price. The stock closed at 79 cents yesterday and opened today's trading at 70 cents.
NEW YORK ( TheStreet) -- Shares of Flagstar Bancorp (NYSE: FBC) were gapping down Wednesday morning with an open price 11.4% lower than Tuesday's closing price. The stock closed at 79 cents Tuesday and opened today's trading at 70 cents. The average volume for Flagstar has been 1.3 million shares per day over the past 30 days. Flagstar has a market cap of $416.4 million and is part of the financial sector and banking industry. Shares are up 56.6% year to date as of the close of trading on Tuesday. Flagstar Bancorp, Inc. operates as the holding company for Flagstar Bank, FSB that offers consumer and commercial financial products and services to individuals, and small and middle market businesses in Michigan, Indiana, and Georgia. TheStreet Ratings rates Flagstar as a sell. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself. You can view the full Flagstar Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping down? Get free SMS text alerts sent to you when the action happens by texting DOWN to 95370 or select from multiple alert options.