WMIH Corp. (WMIH)’s Trend Down, Especially After Today’s 52-Week Low Hit

September 17, 2017 - By Adrian Erickson

The stock of WMIH Corp. (NASDAQ:WMIH) hit a new 52-week low and has $1.09 target or 5.00 % below today’s $1.15 share price. The 5 months bearish chart indicates high risk for the $237.72 million company. The 1-year low was reported on Sep, 17 by Barchart.com. If the $1.09 price target is reached, the company will be worth $11.89 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock increased 4.55% or $0.05 on September 15, reaching $1.15. About 1.10M shares traded or 102.71% up from the average. WMIH Corp. (NASDAQ:WMIH) has declined 49.79% since September 17, 2016 and is downtrending. It has underperformed by 66.49% the S&P500.

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