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Walter Investment (WAC) Worth Watching: Stock Jumps 5.7%

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Walter Investment Management Corp. WAC was a big mover last session, as the company saw its shares rise around 6% on the day. Shares gained after the company announced the appointment of Alfred W. Young, Jr. as Chief Risk and Compliance Officer, Elizabeth F. Monahan as Chief Human Resources Officer and Timothy J. Cranny as Ditech Financial LLC's Senior Vice President of Performing Loan Servicing. The news led to far more shares changing hands than in a normal session resulting in solid volume. This continues the recent uptrend for the company as the stock is now up 62.3% in the past one-month time frame.

None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Walter Investment Management currently carries a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.

A better-ranked stock in the same industry is Apollo Commercial Real Estate Finance, Inc. (ARI - Free Report) , sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is WAC going up? Or down? Predict to see what others think: Up or Down

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