PennyMac (PFSI) Moves 6.4% Higher: Will This Strength Last?

PennyMac Financial (PFSI) shares rallied 6.4% in the last trading session to close at $146.19. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 4.2% gain over the past four weeks.The stock’s strong performance followed President Trump’s announcement of a plan to purchase mortgage-backed securities, a move intended to push down mortgage rates and improve housing affordability. The proposal lifted investor confi ...