Could Genworth Mortgage Insurance Australia Decline After Today’s Huge Increase?

 Could Genworth Mortgage Insurance Australia Decline After Today's Huge Increase?

The stock of Genworth Mortgage Insurance Australia (ASX:GMA) is a huge mover today! The stock increased 4.08% or $0.12 on November 30, hitting $3.06. About 1.60M shares traded hands or 23.08% up from the average. Genworth Mortgage Insurance Australia (ASX:GMA) has risen 5.13% since May 4, 2016 and is uptrending. It has underperformed by 0.09% the S&P500.
The move comes after 8 months positive chart setup for the $1.56B company. It was reported on Nov, 30 by Barchart.com. We have $3.15 PT which if reached, will make ASX:GMA worth $46.80M more.

More notable recent Genworth Mortgage Insurance Australia (ASX:GMA) news were published by: Reuters.com which released: “BRIEF-Genworth Mortgage Insurance Australia says GFI acquisition by China …” on October 23, 2016, also Nasdaq.com with their article: “Genworth Australia Renews Lenders Mortgage Insurance Deal with CBA” published on November 02, 2016, Smh.com.Au published: “Genworth Mortgage Insurance Australia underlying profit falls 5pc to $265m” on February 04, 2016. More interesting news about Genworth Mortgage Insurance Australia (ASX:GMA) were released by: Smh.com.Au and their article: “Genworth Mortgage Insurance Australia profit falls 25pc in first half” published on August 05, 2015 as well as Smh.com.Au‘s news article titled: “Genworth Mortgage Insurance promotes Georgette Nicholas to CEO” with publication date: February 03, 2016.

Genworth Mortgage Insurance Australia Limited is an Australia company, which provides lenders mortgage insurance (LMI). The company has a market cap of $1.56 billion. The Firm operates through one geographical segment conducting loan mortgage insurance business in Australia. It has a 6.92 P/E ratio. Genworth Australia has commercial relationships with over 105 lenders across Australia.

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