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. Two Harbors Investment Corp. shares valued at $85,452 were sold by Sandberg Rebecca B on May 20. At $4.99 per share, Sandberg Rebecca B sold 17,139 shares. The insider’s holdings dropped to 329,865 shares worth approximately $4.44 million following the completion of this transaction.
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Also, RISKEY MARY KATHRYN sold 15,114 shares, netting a total of over 75,068 in proceeds. Following the sale of shares at $4.97 each, the insider now holds 221,223 shares.
Before that, GREENBERG WILLIAM ROSS had sold 34,955 shares from its account. In a trade valued at $174,279, the President, CEO and CIO traded Two Harbors Investment Corp. shares for $4.99 each. Upon closing the transaction, the insider’s holdings decreased to 34,955 shares, worth approximately $7.09 million.
As published in their initiating research note from Citigroup on January 04, 2022, Two Harbors Investment Corp. [TWO] has been a Neutral and the price target has been revised to $5.50. This represents a -144.73% premium over Thursday’s closing price. Analysts at Credit Suisse downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in late June. As of December 18, 2020, Keefe Bruyette has decreased its “an Outperform” rating to a “Mkt perform” for TWO. Earlier on December 14, 2020, Jefferies initiated its rating. Their recommendation was “a Hold” for TWO stock.
Analyzing TWO Stock Performance
On Thursday, Two Harbors Investment Corp. [NYSE: TWO] plunged -4.27% to $13.46. The stock’s lowest price that day was $13.15, but it reached a high of $13.88 in the same session. During the last five days, there has been a drop of approximately -4.40%. Over the course of the year, Two Harbors Investment Corp. shares have dropped approximately -41.68%. Shares of the company reached a 52-week high of $24.00 on 01/12/22 and a 52-week low of $12.12 on 10/11/22. A 50-day SMA is recorded $15.97, while a 200-day SMA reached $19.43. Nevertheless, trading volume fell to 1.63 million shares from 3.83 million shares the previous day.
Support And Resistance Levels for Two Harbors Investment Corp. (TWO)
According to the 24-hour chart, there is a support level at 13.11, which, if violated, would cause prices to drop to 12.77. In the upper region, resistance lies at 13.84. The next price resistance is at 14.23. RSI (Relative Strength Index) is 41.22 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.40, which suggests the price will decrease in the coming days. Percent R is at 52.78%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Two Harbors Investment Corp. subject to short interest?
Stocks of Two Harbors Investment Corp. saw a sharp steep in short interest on Jul 14, 2022 dropping by -4.33 million shares to 11.34 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 15.67 million shares. A decline of -38.18% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.63 of the overall float, the days-to-cover ratio (short ratio) decline to 2.63.
Which companies own the most shares of Two Harbors Investment Corp. (TWO)?
According to BlackRock Fund Advisors filings, the company currently owns 56,284,572 shares, which is about 16.34% of the total TWO shares outstanding. The investor’s shares have appreciated by 10,341 from its previous 13-F filing of 56274231.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $124,218,344. Allspring Global Investments LLC acquire a 2.05% interest valued at $52.59 million while SSgA Funds Management, Inc. purchased a 332,585 stake. A total of 268,366 shares of Two Harbors Investment Corp. were bought by Massachusetts Financial Services during the quarter, and -176,804 were sold by Geode Capital Management LLC. In its current portfolio, Goldman Sachs Asset Management LP holds 5,787,320 shares valued at $19.21 million.