Ocwen Financial Corp.'s stock plunged 34% in very-active morning trade Tuesday, as concerns over widening losses at mortgage servicing company, coupled with intense regulatory scrutiny, has put the shares on track to close at an eight-year low. Volume was 12.4 million shares just before 11 p.m. Eastern, or nearly five times the full-day average over the past 30 days, according the FactSet. The stock's selloff extends the 38% tumble on volume of 12.8 million shares on Monday, which came in the wake of a much wider-than-expected loss and sharp drop in revenue. That marked the 15th time in the......(
read more)
from Around The Web http://ift.tt/1QkGU1k
via
IFTTT
No comments:
Post a Comment