Recent Insider Activity Could Benefit Two Harbors Investment Corp. (TWO)


Two Harbors Investment Corp.’s recently made public that its Vice Pres. & Chief Inv. Off. LETICA NICHOLAS unloaded Company’s shares for reported $0.11 million on Aug 16. In the deal valued at $12.96 per share,8,653 shares were sold. As a result of this transaction, LETICA NICHOLAS now holds 77,693 shares worth roughly $ 1.07 million.

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Then, GREENBERG WILLIAM ROSS sold 8,741 shares, generating $107,803 in total proceeds. Upon selling the shares at $12.33, the President and CEO now owns 169,561 shares.

Before that, Sandberg Rebecca B sold 4,175 shares. Two Harbors Investment Corp. shares valued at $51,490 were divested by the General Counsel and Secretary at a price of $12.33 per share. As a result of the transaction, Sandberg Rebecca B now holds 93,691 shares, worth roughly $1.29 million.

Maxim Group upgraded its Two Harbors Investment Corp. [TWO] rating to a Buy from a a Hold in a research note published on Friday. PT values the company’s stock at a premium of 27.32 to its Friday closing price.

Price Performance Review of TWO

On Friday, Two Harbors Investment Corp. [NYSE:TWO] saw its stock jump 0.29% to $13.81. On the same session, the stock had its day’s lowest price of $13.805, but rose to a high of $13.94. Over the last five days, the stock has gained 4.62%. Two Harbors Investment Corp. shares have fallen nearly -12.43% since the year began. Nevertheless, the stocks have fallen -28.81% over the past one year. While a 52-week high of $20.14 was reached on 02/02/23, a 52-week low of $11.57 was recorded on 05/25/23. SMA at 50 days reached $13.37, while 200 days put it at $14.64. A total of 0.53 million shares were traded, compared to the trading of 1.89 million shares in the previous session.

Levels Of Support And Resistance For TWO Stock

The 24-hour chart illustrates a support level at 13.76, which if violated will result in even more drops to 13.72. On the upside, there is a resistance level at 13.90. A further resistance level may holdings at 13.99. The Relative Strength Index (RSI) on the 14-day chart is 61.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.50, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 10.24%. Stochastics %K at 90.27% indicates the stock is a selling.

How much short interest is there in Two Harbors Investment Corp.?

A steep rise in short interest was recorded in Two Harbors Investment Corp. stocks on Aug 14, 2023, dropping by -0.52 million shares to a total of 2.11 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 2.63 million shares. There was a decline of -24.64%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.98% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.6.

According to FactSet, Two Harbors Investment Corp.’s share price will average $14.50 in the next year, based on opinions of analysts polled by the firm. This is up nearly 3.49 percent from its previous closing price of $13.77. Analysts expect Two Harbors Investment Corp. stock to reach the higher price of $16.00, while the lowest price estimate is $13.50.


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