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Genworth Financial Inc. (GNW) Jumped To Over A 9-Month High On Capital Plan

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Genworth Financial Inc. (GNW: Quote) announced a comprehensive U.S. Mortgage Insurance capital plan Wednesday morning. Once implemented it will reduce Genworth Mortgage Insurance Company's risk-to-capital by 12 to 15 points.

Genworth Financial gapped up sharply Wednesday, but moved in a narrow range throughout the session. Shares closed up by 0.72 at $8.85 on strong volume. The stock rose above a 2-week range and set a 9 1/2 month high.

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by RTT Staff Writer

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