PennyMac Financial ( (PFSI) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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PennyMac Financial shares came under pressure after brokerage firm Keefe Bruyette lowered its price target on the stock, signaling a more cautious outlook from Wall Street. The firm cut its target from $143 to $115 while maintaining a Market Perform rating, suggesting they no longer see as much upside potential in the shares as before, but also are not recommending investors sell outright.
More about PennyMac Financial
YTD Price Performance: -24.21%
Average Trading Volume: 439,203
Technical Sentiment Signal: Sell
Current Market Cap: $5.19B
For further insights into PFSI stock on TipRanks’ Stock Analysis page.
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