Genworth Financial (GNW) has market cap of $2413.32 million and holds 509.14 million shares outstanding. The stock accomplished trade value at $4.74 with -0.84% and traded volume 2973875 shares in recent trading period versus to an average volume of 4909.31K. The stock demonstrated move of -5.39% in previous 5 days graph. Its quarterly performance stands with the percentage of 26.40% while its year to date performance showed change of 1.72%.
Genworth Financial, Inc. (NYSE: GNW) and China Oceanwide Holdings Group Co., Ltd. publicized that they have agreed to an eighth waiver and agreement of each party’s right to terminate the previously announced merger agreement. The eighth waiver and agreement extends the previous deadline of January 31, 2019 to March 15, 2019 in consideration of pending regulatory reviews and the upcoming Chinese New Year/Spring Festival holiday, which begins on February 4.
The transaction has received all required U.S. insurance regulatory approvals. The closing of the transaction remains subject to other conditions, including the receipt of other required regulatory approvals in Canada and by the U.S. Financial Industry Regulatory Authority (FINRA). In addition, Oceanwide will need to receive clearance in China for currency conversion and the transfer of funds.
The stock has monthly performance of 0.85% while its yearly performance remained at 48.59%. Its return on investment (ROI) for the last 12 months was 4.20% and its return on equity (ROE) of 6.10% while return on assets (ROA) is at 0.80%. The Company has an insider ownership of 0.23% and institutional ownership remained 66.30%.
Cory Savage – Category – Business
Before joining Connecting Investor, Cory Savage worked as a freelance writer. He has more than 10 years’ experience in journalism and public relations. His experience in public relations includes press releases, promotional materials, and working with media outlets. He also has professional experience writing news, technology, and business stories. Cory leared CFA Level 2 from CFA Institute (USA). He has worked in diverse capacities from financial research to currency trading in a span of 3 years. Cory Savage covers Business news section.
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