The shares gained 1.44% to $9.84 on Wednesday as the S&P 500 rose 1.46% and the Dow Jones Industrial Average added 1.24%.
Rithm remained 22.76% below its 52-week high of $12.74 reached on 5 September, despite outperforming Annaly Capital Management, AGNC Investment and Starwood Property Trust.
Trading volume was 4.5 million shares, 6.4 million below its 50-day average of 11.0 million, suggesting the advance came on relatively light activity.
Is Rithm Capital a deeply undervalued asset manager or just another risky mortgage REIT?
With major acquisitions complete, what is Rithm's plan to close its massive valuation gap?