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

PHH’s (NYSE:PHH) lock-up period is set to expire on Wednesday, June 25th. PHH had issued 1,200,000 shares in its public offering on December 27th. The total size of the offering was $4,800,000 based on an initial share price of $4.00. After the expiration of PHH’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

PHH Stock Performance

Shares of PHH stock opened at $26.57 on Friday. The business has a 50-day moving average price of $15.60 and a 200-day moving average price of $10.81. PHH has a twelve month low of $3.70 and a twelve month high of $26.60.

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.