Rithm Capital stock rises but underperforms rivals
Updated
Updated · MarketWatch · Apr 30
Rithm Capital stock rises but underperforms rivals
5 articles · Updated · MarketWatch · Apr 30
Shares gained 1.24% to $9.78 on Thursday, while the S&P 500 rose 1.02% and the Dow added 1.62%.
The advance ended a three-day losing streak, but Rithm lagged Annaly Capital Management, AGNC Investment and Starwood Property Trust, which all posted bigger gains.
Rithm closed 23.23% below its 52-week high of $12.74 reached on 5 September, and trading volume of 8.6 million was below its 50-day average.
With analysts calling it a 'Strong Buy,' what is the market missing about Rithm Capital's future?
Can Rithm's big bet on an AI-native mortgage platform finally close its massive valuation gap?