What Happened?
Shares of mortgage servicing company Mr. Cooper Group (NASDAQ: COOP) fell 3.6% in the afternoon session after the major indices continued to retreat (Nasdaq -1.5%, S&P 500 -1.2%) amid profit-taking and renewed concerns about tariffs.
Investors reacted to a federal court ruling that most of President Trump's global tariffs were illegal, raising uncertainty over trade policy and the fiscal impact of potential refunds. Rising Treasury yields added to the pressure, with the 10-year climbing above 4.2% and the 30-year nearing 5%, intensifying worries about stretched equity valuations. September's historically weak track record for stocks further dampened sentiment, leaving traders cautious ahead of the jobs report later in the week and the Federal Reserve's upcoming rate decision.
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What Is The Market Telling Us
Mr. Cooper Group’s shares are quite volatile and have had 17 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.
The previous big move we wrote about was 6 days ago when the stock gained 3.1% on the news that analysts reaffirmed their positive outlook on the company. The mortgage servicing and origination provider's stock rose following reports of a strong consensus rating from Wall Street.
According to an aggregation of 10 analysts covering the stock, Mr. Cooper Group holds a "Buy" consensus rating. This type of rating indicates that, on average, financial analysts believe the stock is a good investment and is expected to outperform the broader market. For investors, a strong buy consensus can signal confidence in the company's financial health, growth prospects, and overall business strategy, contributing to positive market sentiment.
Mr. Cooper Group is up 92.8% since the beginning of the year, but at $181.19 per share, it is still trading 10.7% below its 52-week high of $202.86 from August 2025. Investors who bought $1,000 worth of Mr. Cooper Group’s shares 5 years ago would now be looking at an investment worth $9,240.
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