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GNW Stock Price Increased By 15.18%: Here’s What Happened

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Genworth Financial, Inc. (NYSE: GNW)’s stock price increased by 0.5800 over the previous closing price ( April 27) of 3.8200 as of April 28, market close. The closing price of April 28 was 4.4000 and the opening price was 3.9900. The range was 3.9900 – 4.4100 and the volume was 27,435,587. 

Genworth Financial, Inc. (NYSE: GNW) is a Fortune 500 insurance holding company committed to helping families achieve the dream of homeownership. Genworth Financial, Inc. (NYSE: GNW)’s stock price dropped from 3.9300 to 3.8100 between April 26 and 27 and again rose to 4.4100. However the stock price decreased by -2.6136% and currently(as of10:36AM EDT, April 29) stands at 4.285.

 Genworth Financial, Inc. (NYSE: GNW) (Genworth, the Company) today announced that its wholly owned subsidiary, Genworth Mortgage Holdings, Inc. (GMHI), has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the SEC) in connection with the proposed initial public offering (the offering) of its common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

J.P. Morgan and Goldman Sachs & Co. LLC will serve as joint book-running managers for the proposed offering.

The proposed offering will be made only by means of a prospectus. Copies of the preliminary prospectus, when available, may be obtained from: J.P Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at 1-866-803-9204; or Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, by email at [email protected], or by telephone at (866) 471-2526.

A registration statement on Form S-1 relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

4.285-0.115 (-2.6136%)

As of 10:36AM EDT. Market open.

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