Today: 21 May 2026
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NASDAQ:PFSI 2 February 2026 - 1 May 2026

PennyMac Stock Plunge Sparks Investor Probes as Earnings Test Looms

PennyMac Stock Plunge Sparks Investor Probes as Earnings Test Looms

Two shareholder-rights firms have launched investigations into PennyMac Financial Services over possible misleading statements before a 33% stock plunge in January. The probes come as PennyMac prepares to report first-quarter earnings on May 5. The company’s servicing segment pretax income fell sharply last quarter, triggering the selloff. PennyMac shares last traded at $90.29, down from $149.70 before the drop.
1 May 2026
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PennyMac Financial Services stock slides again as KBW cuts target and MSR runoff stays in focus

PennyMac Financial Services stock slides again as KBW cuts target and MSR runoff stays in focus

PennyMac Financial (PFSI) fell 5.3% to $94.58 Monday after KBW cut its price target to $115 from $143, citing concerns over faster mortgage prepayments and servicing rights runoff. The stock has dropped 38% since Jan. 29. Fourth-quarter net income was $106.8 million, with servicing segment pretax income plunging to $37.3 million. A law firm has launched a probe into the late-January share plunge.
2 February 2026
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Stock Market Today

  • Trump Era Sparks Retail Trading Patterns Amid Volatility
    May 21, 2026, 3:19 AM EDT. Retail traders are capitalizing on political events during President Donald Trump's second term and tensions with Iran, turning volatility into recognizable trading patterns. This shift highlights how individual investors influence market dynamics, adapting strategies to geopolitical risks. The emergence of such patterns, dubbed 'TACO to FOMO,' reflects a broader transformation in market behavior driven by retail participation, spotlighting the evolving interplay between politics and financial markets.

Latest articles

ASX bounces after jobs surprise, miners and property stocks climb

ASX bounces after jobs surprise, miners and property stocks climb

21 May 2026
Australian shares surged Thursday, with the S&P/ASX 200 closing up 1.47% after April unemployment rose to 4.5% and jobs fell by 19,000, easing rate hike fears. Investors cut the odds of a June Reserve Bank rate rise to 8%. Guzman Y Gomez jumped 12.81%, while Stanmore Coal dropped 7.28%. Arafura Rare Earths climbed up to 13.6% after greenlighting its A$1.6 billion Nolans project.
SPAC ETF Up as SpaceX Heads for SPCX Ticker

SPAC ETF Up as SpaceX Heads for SPCX Ticker

21 May 2026
The SPAC and New Issue ETF, now trading as SPCK, closed up 0.64% at $22.09 on Wednesday after SpaceX filed for a $75 billion IPO under the fund’s old ticker. The fund reported $7.14 million in net assets and 41 holdings as of May 19. New listings included a $75 million IPO from Research Alliance III and filings from FutureCorp Space Acquisition 1 and JAB Acquisition I. The SEC proposed easing share issuance rules for public companies.
EnerSys Stock Flips After Earnings as Guidance Tops Trader Hopes

EnerSys Stock Flips After Earnings as Guidance Tops Trader Hopes

21 May 2026
EnerSys shares rose in after-hours trading after the company posted fourth-quarter adjusted earnings of $3.19 per share on $988 million in revenue, both above analyst estimates. The stock closed regular hours down 1.3% at $214.56, then quoted up 5.8% to $227. First-quarter profit guidance also topped forecasts. Management cited strong data center and defense demand, but noted continued weakness in motive-power and transportation.
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