Radian Group (NYS:RDN) Showed Optimistic Momentum, Share Up 18.32%- RDN , AIG, HIG, XL, MTG, BRK.B
Radian Group Inc (NYS:RDN) shareholder and asset manager Clinton Group pressed the mortgage insurer to unveil more facts regarding its operations to potential bidders, and thought it was aware of as a minimum one party keen on purchasing the firm.
Clinton, which has a 1.4% stake in Radian, wrote to the firm saying a former industry executive had expressed serious interest in purchasing Radian at a price significantly over its present trading level.
Turning towards the investors who viewing RDN against American International Group, Inc. (NYSE:AIG) added +3.92%, The Hartford Financial Services Grup Inc (NYSE:HIG) rose +0.70%, XL Group plc (NYSE:XL) slid -0.10%, MGIC Investment Corp. (NYSE:MTG) edged up +6.31%, Berkshire Hathaway Inc. (NYSE:BRK.B) which also increased +1.13% and The Allstate Corporation (NYSE:ALL) surged +1.37%.
Radian Group Inc. (NYSE:RDN) stock reports on May 21, 2012 increased 18.32% to the closing price of $2.39. Its fifty two week range was $1.80-$5.21. The total market capitalization remained $318.57 million.
The overall volume in the last trading session was 5.02 million shares. In its share capital RDN has 133.29 million outstanding shares among them 130.64 million shares have been floated in market exchange. RDN stock institutional ownership remained 69.05% while insider ownership included 0.62%.
RDN is ahead its 52 week low with 33.43% and lagging behind from its 52 week high price with -53.94%. RDN last month stock price volatility remained 7.31%. The stock price of RDN is moving down from its 20 days moving average with -8.64% and remote negatively from 50 days moving average with -30.69%.
RDN current year earnings per share experienced an addition with 114.34% while its current quarter performance remained -41.56%. Company’s beta coefficient included 3.04. Beta factors measures the amount of market risk associated with market trade.