NMI Holdings Inc (NMIH) traded on unusually high volume on Oct. 12, as the stock
gained 5.67% to close at $13.05. On the day, NMI Holdings Inc saw 3.78 million shares trade hands on 17,464 trades.
Considering that the stock averages only a daily volume of 389,811 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 $12.70 and $7.50 over the last 52-weeks, its 50-day SMA is now $11.60, and its 200-day SMA $11.28. NMI Holdings Inc
has a P/B ratio of 1.58. It also has a P/E ratio of 9.4.
NMI Holdings Inc through its subsidiaries provides private mortgage guaranty insurance. The company offers two types of mortgage insurance; Primary mortgage insurance and Pool insurance.
Headquartered in Emeryville, CA, NMI Holdings Inc has 297 employees and is currently under the leadership of CEO Bradley M. Shuster.
For a complete fundamental analysis analysis of NMI Holdings Inc, check out Equities.com’s Stock Valuation Analysis report
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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