PHH Co.’s Lock-Up Period To End on June 25th (NYSE:PHH)

PHH’s (NYSE:PHH) lock-up period will end on Wednesday, June 25th. PHH had issued 1,200,000 shares in its IPO on December 27th. The total size of the offering was $4,800,000 based on an initial share price of $4.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the end of the lock-up period.

PHH Stock Performance

PHH stock opened at $21.91 on Wednesday. The business has a fifty day simple moving average of $14.91 and a 200-day simple moving average of $10.53. PHH has a 52 week low of $3.70 and a 52 week high of $22.62.

PHH Company Profile

PHH Corporation, through its PHH Mortgage Corporation, operates as a sub servicer of residential mortgages in the United States. The company operates through two segments, Mortgage Production and Mortgage Servicing. It provides servicing and portfolio retention solutions to investors of mortgage servicing rights, financial and wealth management institutions, regional and community banks, and credit unions.