Buying Buzz: Invesco Mortgage Capital Inc. [IVR] CEO Anzalone John acquires 15,000 shares of the company

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Invesco Mortgage Capital Inc. shares valued at $24,750 were purchased by Anzalone John on May 10. At $1.65 per share, Anzalone John acquired 15,000 shares. The insider’s holdings grew to 83,178 shares worth approximately $0.99 million following the completion of this transaction.


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Also, Collins Kevin M purchased 7,178 shares, netting a total of over 11,987 in proceeds. Following the buying of shares at $1.67 each, the insider now holds 35,000 shares.

Before that, Phegley Richard Lee Jr. had added 12,092 shares to its account. In a trade valued at $20,194, the Chief Financial Officer bought Invesco Mortgage Capital Inc. shares for $1.67 each. Upon closing the transaction, the insider’s holdings increased to 12,092 shares, worth approximately $0.34 million.

As published in their initiating research note from Jefferies on December 14, 2020, Invesco Mortgage Capital Inc. [IVR] has been an Underperform and the price target has been revised to $2.75. This represents a -330.91% premium over Thursday’s closing price. Analysts at BofA Securities started covering the stock with ‘”an Underperform”‘ outlook in a report released in late June. As of May 27, 2020, Barclays has decreased its “an Equal weight” rating to a “an Underweight” for IVR. Earlier on May 26, 2020, Credit Suisse downgraded its rating. Their new recommendation was “an Underperform” for IVR stock which previously was a “a Neutral”.

Analyzing IVR’s Price Performance

On Thursday, Invesco Mortgage Capital Inc. [NYSE: IVR] rose 3.04% to $11.85. The stock’s lowest price that day was $11.40, but it reached a high of $11.85 in the same session. During the last five days, there has been a surge of approximately 10.34%. Over the course of the year, Invesco Mortgage Capital Inc. shares have dropped approximately -57.37%. Shares of the company reached a 52-week high of $30.20 on 01/07/22 and a 52-week low of $9.63 on 06/16/22. A 50-day SMA is recorded $16.53, while a 200-day SMA reached $25.07. Nevertheless, trading volume fell to 1.41 million shares from 1.44 million shares the previous day.

Support And Resistance Levels for Invesco Mortgage Capital Inc. (IVR)

According to the 24-hour chart, there is a support level at 11.55, which, if violated, would cause prices to drop to 11.25. In the upper region, resistance lies at 12.00. The next price resistance is at 12.15. RSI (Relative Strength Index) is 33.08 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.86, which suggests the price will decrease in the coming days. Percent R is at 73.19%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

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