Nationstar Stock Falls On Unusually High Volume (NSM)
Nationstar Mortgage Holdings (NYSE:NSM) is trading at unusually high volume Friday with 2.3 million shares changing hands. It is currently at two times its average daily volume and trading down $2.68 (-6.7%).
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Nationstar Mortgage Holdings (NYSE: NSM) is trading at unusually high volume Friday with 2.3 million shares changing hands. It is currently at two times its average daily volume and trading down $2.68 (-6.7%) at $37.28 as of 3:20 p.m. ET.
EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.
Nationstar has a market cap of $3.85 billion and is part of the financial sector and real estate industry. Shares are up 29% year to date as of the close of trading on Thursday. Nationstar Mortgage Holdings Inc. operates as a residential mortgage loan servicer in the United States. It operates in two segments, Servicing and Originations. The company has a P/E ratio of 17.5, below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Nationstar as a sell. Among the areas we feel are negative, one of the most important has been weak operating cash flow. You can view the full Nationstar Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more..