WAC Falls to Levels Below Book Value

In trading on Friday, shares of Walter Investment Management Corp (WAC) crossed below their last reported book value — defined as common shareholder equity per share — of $31.11, changing hands as low as $30.91 per share. Walter Investment Management Corp shares are currently trading down about 1.6% on the day. The chart below shows the one year performance of WAC shares, versus its 50 and 200 day moving averages:

START SLIDESHOW:
Click here to find out which 9 other stocks recently crossed below their book value »

Walter Investment Management Corp Moving Averages Chart

Looking at the chart above, WAC's low point in its 52 week range is $30.91 per share, with $49.99 as the 52 week high point — that compares with a last trade of $31.58.

According to the ETF Finder at ETF Channel, WAC makes up 2.15% of the SPDR S&P Capital Markets ETF ( KCE) which is trading lower by about 2.9% on the day Friday.

More from Stocks

Trump, China Trade, Target and Las Vegas Casinos - 5 Things You Must Know

Trump, China Trade, Target and Las Vegas Casinos - 5 Things You Must Know

Quick Read: 3 Things for Investors to Know Before Wednesday's Trading Session

Quick Read: 3 Things for Investors to Know Before Wednesday's Trading Session

Replay: Jim Cramer on the Markets, Oil, General Electric, Zillow and Micron

Replay: Jim Cramer on the Markets, Oil, General Electric, Zillow and Micron

Pegasystems Founder Explains Why He Has One of the Hottest Tech Stocks Around

Pegasystems Founder Explains Why He Has One of the Hottest Tech Stocks Around

Micron Shares Soar; Chipmaker Is 'Managing for Profitability' Now, Says Analyst

Micron Shares Soar; Chipmaker Is 'Managing for Profitability' Now, Says Analyst