What’s Next for WMIH Corp. (WMIH) After Making 1 Year Low?

October 13, 2017 - By Darrin Black

The stock of WMIH Corp. (NASDAQ:WMIH) hit a new 52-week low and has $0.83 target or 5.00 % below today’s $0.88 share price. The 7 months bearish chart indicates high risk for the $187.08 million company. The 1-year low was reported on Oct, 13 by Barchart.com. If the $0.83 price target is reached, the company will be worth $9.35 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 decreased 3.28% or $0.03 on October 13, reaching $0.875. About 375,706 shares traded. WMIH Corp. (NASDAQ:WMIH) has declined 49.79% since October 13, 2016 and is downtrending. It has underperformed by 66.49% the S&P500.

Another recent and important WMIH Corp. (NASDAQ:WMIH) news was published by Prnewswire.com which published an article titled: “WMIH Corp. Announces Redemption Of Senior Second Lien Runoff Note” on October 03, 2017.

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