Why PennyMac Financial Servs's Stock is Trading Lower Today

The Price And Volume Action In PennyMac Financial Servs's Stock Today

PennyMac Financial Servs's PFSI stock has been falling Friday, down 4.24% to a price of $62.27. Friday the stock has been traded at a volume of 877.15 thousand, about 94.87% of its recent 30-day volume average of 924.57 thousand.

Why It's Moving

Benzinga Pro's real-time breaking news service shows some insight into what is affecting shares: PennyMac Financial Services shares are trading lower after Wells Fargo downgraded the stock from Overweight to Equal-Weight.

Further Analysis of Recent Price Action

The moving average price of the stock over the past 50 days was $61.61 at the time this article was published. In the past fifty-two weeks, the stock price has been as high as $70.99 and as low as $13.13.

If you're looking for timely and concise explanations of why a stock is moving, check out Benzinga Pro. Subscribers get ‘Why Is It Moving' alerts as soon as our research team identifies the cause of the price action in a stock. Click here to learn more.