On Thursday, Shares of EXCO Resources Inc (NYSE:XCO), gained 14.81% to $1.24.
EXCO Resources Inc. (XCO) witnessed raised volatility Wednesday opening at .9769 and subsequently rallying to a high of 1.23. Volume was very heavy and investors traded more than 10.085 million shares for a 159% improvement from average daily 3 month volume. XCO offered a much-needed bright spot among energy companies which have largely taken a tumble as the falling price of oil and market forces continue to dominate Wall Street sentiment. Despite closing up 33.33% XCO is still trading below its 52-week high of 2.54. Key technical chart indicators to examine is the closing of XCO’s trading price Wednesday 1 cent below the 200 DMA of 1.23, suggesting that this level may serve as a near-term resistance.
We are closely monitoring XCO for our newsletter subscribers and will alert them via email when XCO presents additional gain opportunity.
EXCO Resources, Inc., an independent oil and natural gas company, engages in the acquisition, exploration, exploitation, development, and production of onshore oil and natural gas properties with a focus on shale resource plays in the United States.
Shares of AES Corp (NYSE:AES), inclined 0.74% to $9.57, during its last trading session.
On Tuesday, December 29, 2015, NASDAQ Composite ended at 5,107.94, up 1.33%, Dow Jones Industrial Average advanced 1.10% to finish the day at 17,720.98, and the S&P 500 closed at 2,078.36, up 1.06%.
AES Corp.’s stock raised by 1.59% to end Tuesday’s session at USD 9.61. The stock traded above its 50-day moving average of USD 9.53 while trading below the 200-day moving average of USD 11.29. The company’s shares fluctuated in the range of USD 9.47 and USD 9.64. A total of 3.06 million shares exchanged hands, which was lesser than its 50-day daily average volume of 5.88 million shares and its 52-week average volume of 6.11 million shares. Over the last three days AES Corp’s shares have advanced 0.73% and in the past one week the stock has moved up 4.91%. Furthermore, over the last three months the stock has gained 1.59%, while in the past six months the shares have shed 27.53%. On a compounded total return basis, the company has returned 2.51% in the past three months. Further, the company is trading at a price to earnings ratio of 11.31 and a price to book ratio of 1.79.
The AES Corporation operates as a diversified power generation and utility company. It owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries.
Finally, MGIC Investment Corp. (NYSE:MTG), ended its last trade with -0.90% loss, and closed at $8.83.
On Monday, December 28, 2015, Nasdaq Composite ended at 5,040.99, down 0.15%, Dow Jones Industrial Average declined 0.14% to finish the day at 17,528.27, and the S&P 500 closed at 2,056.50, down 0.22%.
MGIC Investment Corp.’s stock reduced by 1.21% to close Monday’s session at USD 8.97. The company’s shares fluctuated in the range of USD 8.92 and USD 9.07. A total of 1.86 million shares exchanged hands, which was lesser than its 50-day daily average volume of 4.73 million shares and its 52-week average volume of 5.07 million shares. Over the last three days MGIC Investment Corp.’s shares have declined by 0.88%, while in the past one week the stock has moved up 1.70%. Furthermore, over the last three months the stock has lost 2.39% and in the past six months the shares have shed 20.41%. Further, the company shares are trading at a price to earnings ratio of 3.49 and a price to book ratio of 1.43. This compares to a historical PE ratio of 14.59 and a historical PB ratio of 3.04. Additionally, the stock is trading at a price to cash flow ratio of 46.23 and price to sales ratio of 3.01.
MGIC Investment Corporation, through its auxiliaries, provides private mortgage insurance and ancillary services to lenders and government sponsored entities in the United States. The company offers primary mortgage insurance that provides mortgage default protection on individual loans, in addition to covers unpaid loan principal, delinquent interest, and various expenses associated with the default and subsequent foreclosure; and pool insurance coverage, which covers the excess of the loss on a defaulted mortgage loan that exceeds the claim payment under the primary coverage.