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Why Mr. Cooper Group Is Trading Lower Today

April 21, 2021 11:12 am
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The Price And Volume Action In Mr. Cooper Group's Stock Today

Mr. Cooper Group's (NASDAQ:COOP) stock has been falling Wednesday, down 1.71% to a price of $31.58. The stock's volume is currently 215.29 thousand, which is roughly 23.26% of its recent 30-day volume average of 925.68 thousand.

Why It's Moving

Benzinga Pro's real-time breaking news service shows some insight into what is affecting shares: Mr. Cooper Group shares are trading lower after Barclays downgraded the stock from Overweight to Equal-Weight and lowered the price target from $44 to $38 per share.

Further Analysis of Recent Price Action

The moving average price of the stock over the past 50 days was $33.02 at the time this article was published. In the past fifty-two weeks, the stock price has been as high as $37.91 and as low as $7.33.

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.

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