Two Harbors Investments Corp (NYSE:TWO) : During the past 4 weeks, traders have been relatively bearish on Two Harbors Investments Corp (NYSE:TWO), hence the stock is down -2.85% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.41% relative to the S&P 500. The 4-week change in the price of the stock is -1.28% and the stock has fallen -1.16% in the past 1 week.
The company shares have dropped -16.52% from its 1 Year high price. On Jul 31, 2015, the shares registered one year high at $10.28 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $8.55 and the 200 Day Moving Average price is recorded at $8.02.
The stock has recorded a 20-day Moving Average of 0.73% and the 50-Day Moving Average is 3.22%.
Two Harbors Investments Corp (NYSE:TWO): stock turned positive on Friday. Though the stock opened at $8.5, the bulls momentum made the stock top out at $8.53 level for the day. The stock recorded a low of $8.45 and closed the trading day at $8.49, in the green by 0.59%. The total traded volume for the day was 1,702,271. The stock had closed at $8.44 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged that Sandberg Rebecca B, officer (General Counsel and Secretary) of Two Harbors Investment Corp., had unloaded 6,488 shares at an average price of $8.48 in a transaction dated on May 31, 2016. The total value of the transaction was worth $55,018.
Two Harbors Investment Corp. (Two Harbors) operates as a real estate investment trust (REIT). The Companys investment objective is to provide risk-adjusted total return to its stockholders over the long-term, primarily through dividends and secondarily through capital appreciation. Its target assets include Agency residential mortgage-backed securities (RMBS) (which includes inverse interest-only Agency securities classified as Agency Derivatives), meaning RMBS whose principal and interest payments are guaranteed by Ginnie Mae, Fannie Mae or Freddie Mac; Non-Agency RMBS, meaning RMBS that are not issued or guaranteed by Ginnie Mae, Fannie Mae or Freddie Mac; Residential mortgage loans; mortgage servicing rights (MSR); Commercial real estate debt and related assets, and other financial assets comprising approximately 5% to 10% of the portfolio. The Company is externally managed and advised by PRCM Advisers LLC, a subsidiary of Pine River Capital Management L.P.