Rithm Capital Stock Price Hits Fresh 52-Week Low as Rising Rates Hammer Mortgage REITs
Rithm Capital hit a new 52-week low on Friday, sliding 3.3% to $8.77 after dipping as low as $8.43. Volume soared—roughly 121.9 million shares changed hands, dwarfing the 10-day average of 7.9 million. This shift lands right where Rithm operates—deep in the market’s rate-sensitive sector. On Friday, U.S. rate futures priced in about a 25% shot at a Fed hike by December. The 10-year Treasury yield hovered around 4.39%, a quick reversal from the softer-rate positioning traders favored just days earlier.
