The stock of ORIX Corporation (ADR) (NYSE:IX) is a huge mover today! The stock decreased 3.64% or $2.7 during the last trading session, hitting $71.46. About 96,925 shares traded hands or 94.11% up from the average. ORIX Corporation (ADR) (NYSE:IX) has risen 4.41% since March 1, 2016 and is uptrending. It has underperformed by 7.80% the S&P500.
The move comes after 6 months negative chart setup for the $18.60 billion company. It was reported on Oct, 4 by Barchart.com. We have $67.89 PT which if reached, will make NYSE:IX worth $930.00 million less.
Analysts await ORIX Corporation (ADR) (NYSE:IX) to report earnings on November, 3.
According to Zacks Investment Research, “ORIX CORP-ADR is a diversified financial services institution with diverse operations in both corporate and retail finance, including: leasing, lending, rentals, life insurance, real estate financing and development, venture capital, investment and retail banking, commodities funds and securities brokerage. Their international operations include leasing, rentals, fixed income investment, aircraft and ship financing, commercial mortgage servicing and property development.”
More notable recent ORIX Corporation (ADR) (NYSE:IX) news were published by: Zacks.com which released: “4 Stocks to Buy on Japan’s Fresh Economic Stimulus” on July 27, 2016, also Investorplace.com with their article: “3 Diversified Financial Services Stocks to Buy Now” published on September 06, 2016, Valuewalk.com published: “Hartford Agrees To Sell Japan Annuity Company To ORIX For $895M” on April 28, 2014. More interesting news about ORIX Corporation (ADR) (NYSE:IX) were released by: Barrons.com and their article: “Why Orix Stock Can Jump 35%” published on April 08, 2015 as well as Fool.com‘s news article titled: “What Investors Need to Know About the Houlihan Loukey IPO” with publication date: August 11, 2015.
IX Company Profile
ORIX Corporation (ORIX), incorporated on March 28, 1950, is a financial services company. The Firm operates through six divisions: Corporate Financial Services, Maintenance Leasing, Real Estate, Investment and Operation, Retail, and Overseas Business. The Corporate Financial Services segment consists of lending, leasing and fee business. The Maintenance Leasing segment consists of automobile leasing and rentals, car sharing, and test and measurement instruments and information technology-related equipment rentals and leasing. The Real Estate segment consists of real estate development and rental, facility operation, real estate investment trust (REIT) asset management, and real estate investment advisory services. The Investment and Operation segment consists of environment and energy-related business, principal investment and loan servicing (asset recovery). The Retail Segment consists of life insurance, banking and card loan business. The Overseas Business segment consists of leasing, lending, investment in bonds, investment banking, asset management and ship- and aircraft-related operations.
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