Ocwen Board of Directors Authorizes $50 Million Share RepurchaseOCN: Ocwen Financial Corp. 2022-05-23 06:45:00 Ocwen Board of Directors Authorizes $50 Million Share Repurchase ProgramLongby MarketMoversReport1
Ocwen Soars on Net Income; Plans Reverse SplitThe Company reported a net income of $2.0 million and a pre-tax loss of $6.2 million for the three months ended June 30, 2020, compared to a net loss of $89.7 million and a pre-tax loss of $84.3 million for the three months ended June 30, 2019. Adjusted pre-tax income was $18 million for the quarter compared to a $27 million adjusted pre-tax loss in the prior year period. the company also said Thursday that it expects to conduct a 1-for-25 reverse stock split effective in early August. A shareholders’ advisory vote in May approved the transaction. Based on the second-quarter results, Ocwen expects to post annualized pretax income of $31 million this year. shareholders.ocwen.com 247wallst.com by AlenCiken2
$OCN DESCENDING TRIANGLE$OCN after hitting the support now forms a bearish setting.by ABDULRASHEED0013
Ocwen Financial rises afterhours on $5 mil Buyback Ocwen Financial (NYSE:OCN) rises 15% in after-hours trading after its board authorizes an open market share repurchase program of up to $5M. Estimates Q4 pretax income of $37M; net income of $35M; and pretax earnings excluding income statement notables of ~$12M. Remains on track to achieve pretax profitability, excluding income statement notables and amortization of NRZ lump-sum payments, by Q3 2020. Boosts 2020 origination volume target from combined lending and flow channels to at least $15B vs. prior target of $10B. January annualized origination volume from these channels was ~$9B. Q4 realized preliminary estimated adjusted annualized run rate cost savings of $385M exceeds its target established in early 2019.Longby DEXWireNews14
Sitting on Major Support - Expecting bounce into 5th waveNYSE:OCN Sitting on support line dating back to April 2017. Expecting bounce to 5.50 - 6.00 range by end of Q1 2019, or possibly end of 2018. Longby WalterthegsdUpdated 1
OCN -Possible swing for next week OCN closed at 4.3 on Friday. The average daily volume is about 750K with a 200 day moving average of 3.85 and a 50 day moving average of 4.23 can indicate an uptrend confimation. OCN still managed to close also above the 20 and 10 day moving averages which is a good indication of short term uptrend. It is still up over 40% from January YTD. ADX is above 29 ( above 25 is a STRONG trend UP or DOWN) DMI+ is over 14 shows a weak uptrend ( I believe this is low due to the mid term trend) DMI- is over 23 shows a strong downtrend ( I believe this is low due to the mid term trend) Pivot and price points for next week are PIVOT-4.26 a price action ABOVE this point will swing UP to the possible price points of R1-4.31 R2-4.35 R3-4.4 R4-4.49 PIVOT-4.26 a price action BELOW this point will swing DOWN to the possible price points of S1-4.21 S2-4.17 S3-4.12 S4-4.07 OCN did move in AH on Friday so I am looking to enter this stock at 4.4 with a stop loss at 4.17 or above as this is a wide stop loss. Longby KaroleinD1
OCN OCWEN Looking for some strong gainsOCWEN Nice Cup and Handle Forming Strong Strength Looking for 30% to %50 Upside Longby dimitriosb602Updated 0
Long OCNWeekly breakout, buy pullback retest trendline 3.75 - 3.8 TP 1: 10.7 TP 2: 17.7Longby KeyTrade7
Simple Trading Techniques – Pullback Candlestick Strategy Go short the OCN if it trades at 2.65 or lower. If triggered, place your stop at 3.05 and exit the position for a profit at 2.27 or at your own discretion. (Signals are valid for today only. Always invest wisely). Learn the rules of this strategy at: www.udemy.com Shortby SimpleTradingTechniques1
OCN Ocwen still holding$OCN will not proceed higher until the "#1 Supply" signal from 2014.02.19 flips to "#1 Demand". Even though a longer term #4 Demand signal calculated yesterday, alignment is needed first. I am still holding. I will loosen up my stops. Outside chance of a test down. A "D" distribution signal will let me know if there is a test down coming. These scripts are still being tested. See clearer chart below without extraneous information.Longby kilo1romeo555
OCN Ocwen set up for long gap penetration.$OCN Ocwen LONG on pull back and low supply. See s/r levels and demand/supply signals. Long at $8.56, Stop under $7.37Longby kilo1romeo112
Nationstar Mortgage - NSM - Daily - poised to fall to follow OCNOCN - OCWEN FINANCIAL and NSM - Nationstar Mortgage tend to lead/lag with each other and this time OCN reported earnings first and has plunged. NSM reports soon and could follow the fate of OCN and head south to catch down to the drop in OCN. NSM - 29.96 last OCN - 26.82 last Tim 2:20PM EST Monday, 8/4/2014Shortby timwest553