Onity (ONIT) Moves 5.2% Higher: Will This Strength Last?
Onity Group Inc.(ONIT) ZACKS·2025-01-16 19:11
Onity Group (ONIT) shares soared 5.2% in the last trading session to close at $32.17. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 9.3% loss over the past four weeks.Onity Group shares rallied in the second consecutive trading session as cooler December inflation fueled optimism about a potential Fed rate cut. Despite mortgage rates near 7%, lower rates could eventually boost mortgage demand and strengthen the company’s financ ...