Chimera Investment Corporation (CIM) has risen sharply, recording gains of 2.63% in the past 4 weeks. However, the stock has corrected -1.09% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.59% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 0.63% and the 50-Day Moving Average is 3.71%. Chimera Investment Corporation (NYSE:CIM): stock turned positive on Friday. Though the stock opened at $16.35, the bulls momentum made the stock top out at $16.48 level for the day. The stock recorded a low of $16.34 and closed the trading day at $16.36, in the green by 0.06%. The total traded volume for the day was 980,201. The stock had closed at $16.35 in the previous days trading.
The company Insiders own 0.62% of Chimera Investment Corporation shares according to the proxy statements. Institutional Investors own 56.36% of Chimera Investment Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 10.16%. Also, Equity Analysts at the Brokerage Firm, Barclays, maintains their rating on the shares of Chimera Investment Corporation (NYSE:CIM). Barclays has a Equal-weight rating on the shares. As per the latest research report, the brokerage house raises the price target to $15 per share from a prior target of $14. The rating by the firm was issued on August 10, 2016.
Chimera Investment Corporation is a specialty finance company. The Company, through its subsidiaries, invests in residential mortgage-backed securities (RMBS), residential mortgage loans, commercial mortgage loans, real estate-related securities and various other asset classes. The Company is externally managed by Fixed Income Discount Advisory Company.