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Trade-Ideas LLC identified Voya Financial ( VOYA) as a pre-market mover with heavy volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Voya Financial as such a stock due to the following factors:
- VOYA has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $42.5 million.
- VOYA traded 669,099 shares today in the pre-market hours as of 8:35 AM, representing 61.6% of its average daily volume.
- ING agreed to price a public offering sale of VOYA shares at $38.85 and sell back to VOYA $300 million in VOYA stock. Subsequently, ING's stake in VOYA will drop to roughly 32% and VOYA will have an authorized $210 million remaining for share repurchases.
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More details on VOYA:
Voya Financial, Inc. operates as a retirement, investment, and insurance company in the United States. The company has five segments: Retirement, Annuities, Investment Management, Individual Life, and Employee Benefits. The stock currently has a dividend yield of 0.1%. VOYA has a PE ratio of 7.1. Currently there are 5 analysts that rate Voya Financial a buy, 1 analyst rates it a sell, and 4 rate it a hold.
The average volume for Voya Financial has been 1.3 million shares per day over the past 30 days. Voya Financial has a market cap of $10.0 billion and is part of the financial sector and financial services industry. Shares are up 11.2% year-to-date as of the close of trading on Friday.