Two Harbors Investments Corp (TWO) has been under a strong bear grip, hence the stock is down -6.75% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.84% in the past 1 week. The stock has risen by 2.46% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.46% in the past 4 weeks.
Two Harbors Investments Corp (NYSE:TWO): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $8.70 and $8.66 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $8.75. The buying momentum continued till the end and the stock did not give up its gains. It closed at $8.73, notching a gain of 0.46% for the day. The total traded volume was 947,548 . The stock had closed at $8.69 on the previous day.
The stock has recorded a 20-day Moving Average of 2.48% and the 50-Day Moving Average is 4.16%. Two Harbors Investment Corp. is up 15.48% in the last 3-month period. Year-to-Date the stock performance stands at 14.11%.
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.