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PHH (NYSE:PHH) Shares Up 9.1% - Here's What Happened

PHH logo with Finance background

PHH Co. (NYSE:PHH - Get Free Report)'s stock price rose 9.1% on Wednesday . The stock traded as high as $21.11 and last traded at $20.40. Approximately 118,472 shares traded hands during mid-day trading, a decline of 57% from the average daily volume of 275,679 shares. The stock had previously closed at $18.70.

PHH Trading Up 5.0%

The stock's fifty day moving average price is $14.58 and its 200 day moving average price is $10.38.

About PHH

(Get Free Report)

PHH Corporation, through its PHH Mortgage Corporation, operates as a sub servicer of residential mortgages in the United States. The company operates through two segments, Mortgage Production and Mortgage Servicing. It provides servicing and portfolio retention solutions to investors of mortgage servicing rights, financial and wealth management institutions, regional and community banks, and credit unions.

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