Stock Alert: Finance Of America Up 26%

(RTTNews) - Shares of Finance Of America Companies Inc. (FOA) are climbing over 26% on Tuesday morning. FOA is currently trading at $9.24, up $1.94 or 26.58%, on the NYSE. The stock has traded between $7.26 and $11.65 in the 52-week period.

Finance of America is set to join the Russell 3000 Index, which tracks the performance of 3,000 of the largest publicly traded stocks in the U.S., on June 28.

Finance of America Companies operates a consumer lending platform in the United States. The company provides residential mortgages, reverse mortgages, and loans to residential real estate investors distributed across retail, third party network, and digital channels.