Downgrade Alert for Genworth Financial (GNW)
Genworth Financial (NYSE:GNW) was downgraded from Buy to Neutral at BTIG today. The stock closed yesterday at $5.14 on volume of 8.3 million shares, above average daily volume of 8.0 million.
Potential upside of 25.9% exists for Genworth Financial, based on a current level of $5.14 and analysts' average consensus price target of $6.47. The stock should find initial support at its 200-day moving average (MA) of $3.98 and further support at its 50-day MA of $2.84.
Genworth Financial Inc. offers insurance, wealth management, investment and financial solutions The Company offers products that include life insurance products, long-term care insurance, and mortgage guarantee insurance coverage on residential mortgage loans. Genworth is active in the United States, Canada, Australia, New Zealand, Mexico and multiple European countries.
Genworth Financial share prices have moved between a 52-week high of $9.19 and a 52-week low of $1.57 and closed yesterday at 227% above that low price at $5.14 per share. Over the last five market days, the 200-day moving average (MA) has gone down 1.8% while the 50-day MA has advanced 6.1%.
SmarTrend recommended that subscribers consider buying shares of Genworth Financial on August 3rd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $3.53. Since that recommendation, shares of Genworth Financial have risen 43.8%. We continue to monitor GNW for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: analyst upgrades/downgrades genworth financial