Yeah...I did too: However, it IS difficult to understand when MTG announces wider YoY losses, AND has a caveat in the 10k as to a going concern....GNW post higher profits, AND MI unit is finally in the BLACK...yet MTG goes up, GNW goes down. RDN reports higher than expected losses, and it is widely accepted that RDN is not paying loans provisions off in a timely manner to shield operating results: GNW beats all estimates, is selling low performing assets....RDN goes up, GNW down. BTIG lower rating, yet states GNW has many options to improve share price...Aussie/MI ipo...and other....yet LOWERS rating?? While most others have a BUY rating...Heck, even Cramer likes it now. This stock has the most mind boggling day to day activity I have ever seen...and yep, learned my lesson, and day trade it too, as well as hold long....not too much into options....yet. Just venting...GLTA.
When someone can answer that I would really love to know? It's stunning really. All I can think of is the greater volume of short interest in those other stocks. There's a very small amount of short interest in GNW. maybe that's the answer???
The first lesson is that a bad "trade" can be profitable if you throw enough money at it, and in this case the trade is long RDN/MTG/AIG, short GNW. So every time good news happens, people in that trade double-down, which is why it appears to fall.