Stewart Information Services Corp
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Financials : Insurance | Small Cap Value
Company profile

Stewart Information Services Corporation is a global real estate services company. The Company is engaged in offering products and services through its direct operations, network of Stewart Trusted Providers and family of companies. The Company operates through two segments: title insurance and ancillary services and corporate. Title insurance and related services (title) segment provides services needed to transfer title to property in a real estate transaction and includes services, such as searching, examining, closing and insuring the condition of the title to the property. The ancillary services and corporate segment provides appraisal and valuation services, document management, recording and call center-related services offered to mortgage lenders and servicers, mortgage brokers and mortgage investors. Its primary international operations are located in Canada, the United Kingdom, Australia and Central Europe.

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UPDATE: Nio's stock set to pull back, but some other EV maker shares get a boost from upbeat China auto sales data

8:13 am ET October 13, 2020 (MarketWatch)
Print

Shares of Nio Inc. (NIO) slipped 0.2% in premarket trading Tuesday, putting them on track to pull back from the previous session's record close, after data out of China showed that sales of new-energy vehicles in September jumped 68% (http://www.marketwatch.com/story/chinas-auto-sales-jumped-in-september-2020-10-13) to 138,000 units, the highest sales volume for that month. Nio's stock had rallied 1.8% on Monday to close at a record $21.85. It has rocketed 443.5% year to date through Monday, while the iShares MSCI China ETF (MCHI) has advanced 22.2% and the S&P 500 has gained 9.4%. Meanwhile, the data out of China helped give a lift to Tesla Inc.'s stock (TSLA), which rose 0.6% ahead of the open, putting them on track for a fifth-straight gain; the stock has rallied 6.8% over the past four sessions. Among other electric vehicle makers, shares of Workhorse Group Inc. (WKHS) climbed 1.5%, Nikola Corp. (NKLA) slipped 1.0% and XPeng Inc. (XPEV) inched up 0.1% in the premarket.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

October 13, 2020 08:13 ET (12:13 GMT)

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