VEREIT, Inc. (VER) saw its value decrease by -0.57% as the stock dropped $-0.05 to finish the day at a closing price of $8.65. The stock was lighter in trading and has fluctuated between $7.59-$11.09 per share for the past year. The shares, which traded within a range of $8.59 to $8.7 during the day, are up by 3.95% in the past three months and down by -15.27% over the past six months. It is currently trading 1.2% above its 20 day moving average and 2.12% above its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $9.78 a share over the next twelve months. The current relative strength index (RSI) reading is 56.62.The technical indicator lead us to believe there will be no major movement any time soon, hold.
VEREIT, Inc. is a publicly owned real estate investment trust. It owns and acquires single tenant, freestanding commercial real estate that is net leased on a medium-term basis, primarily to investment grade credit rated and other creditworthy tenants. The company principally invests in retail and office properties. It was formerly known as American Realty Capital Properties, Inc. VEREIT, Inc. was founded in 2010 and is based in Phoenix, Arizona.
New Residential Investment Corp. (NRZ) shares were down in last trading by -0.49% to $16.25. It experienced higher than average volume on day. The stock increased in value by almost 3.77% over the past week and grew 2.01% in the past month. It is currently trading 2.95% above its 50 day moving average and 18.5% above its 200 day moving average. Following the recent decrease in price, the stock’s new closing price represents a -0.49% decrease in value from its one year high of $16.43. The RSI indicator value of 61.24, lead us to believe that it is a hold for now.
New Residential Investment Corp., a real estate investment trust, focuses on investing in and managing residential mortgage related assets in the United States. It operates through Servicing Related Assets, Residential Securities and Loans, and Other Investments segments. The company invests in excess mortgage servicing rights (MSRs) on residential mortgage loans; and in servicer advances, including the basic fee component of the related MSRs. It also acquires and manages a diversified portfolio of credit sensitive real estate securities, such as non-agency and agency residential mortgage backed securities; and acquires residential mortgage loans comprising performing, non-performing, re-performing, and reverse mortgage loans. In addition, the company has an interest in a portfolio of consumer loans, including unsecured and homeowner loans. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was founded in 2011 and is based in New York, New York.
The Chemours Company (CC) traded within a range of $32.13 to $32.84 after opening the day at $32.45. The company has seen its stock increase in value by 47.94% so far this year. The stock was up close to 1.9% on active volume in last trading session and closed at $32.68 per share. After the recent gain, the stock is currently holding -0.31% below its 52 week high of $32.84 and 839.66% above its 12-month low of $3.8. The shares are up by over 55.03% in the last three months, and the RSI indicator value of 80.05 is bearish. The technical indicator is offering a warning sign that the stock can’t keep current pace going.
The Chemours Company provides performance chemicals in North America, the Asia Pacific, Europe, the Middle East, Africa, and Latin America. It operates in three segments: Titanium Technologies, Fluoroproducts, and Chemical Solutions. The Titanium Technologies segment produces and sells titanium dioxide (TiO2) under the Ti-Pure brand name to deliver whiteness, brightness, opacity, and protection in various applications, such as architectural and industrial coatings, flexible and rigid plastic packaging, PVC window profiles, laminate papers, coated paper, and coated paperboard used for packaging. The Fluoroproducts segment provides fluoroproducts, such as hydrofluorocarbon refrigerants, and fluoropolymer resins and downstream products and coatings under the Teflon brand name. The Chemical Solutions segment offers industrial and specialty chemicals used in gold production, oil refining, agriculture, industrial polymers, and other industries in North America. This segment provides cyanides; and performance chemicals and intermediates, such as clean and disinfect chemicals, aniline, methylamines, glycolic acid, Vazo free radical initiators, and reactive metals. The company was founded in 2014 and is headquartered in Wilmington, Delaware.