In a filing, Two Harbors Investment Corp revealed its Chief Risk Officer RUSH ROBERT unloaded Company’s shares for reported $47566.0 on Feb 27 ’24. In the deal valued at $12.60 per share,3,775 shares were sold. As a result of this transaction, RUSH ROBERT now holds 69,176 shares worth roughly $0.9 million.
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Then, VINAR JASON sold 1,980 shares, generating $24,948 in total proceeds. Upon selling the shares at $12.60, the Chief Operating Officer now owns 44,035 shares.
Before that, KEEN MATTHEW sold 1,891 shares. Two Harbors Investment Corp shares valued at $23,827 were divested by the Chief Technology Officer at a price of $12.60 per share. As a result of the transaction, KEEN MATTHEW now holds 29,718 shares, worth roughly $0.39 million.
UBS initiated its Two Harbors Investment Corp [TWO] rating to a Neutral in a research note published on December 06, 2023; the price target was $14.50. A number of analysts have revised their coverage, including Maxim Group’s analysts, who increased its forecast for the stock in early February from “a Hold” to “a Buy”. RBC Capital Mkts also remained covering TWO and has decreased its forecast on November 17, 2022 with a “Sector perform” recommendation from previously “an Outperform” rating. Citigroup started covering the stock on January 04, 2022. It rated TWO as “a Neutral”.
Price Performance Review of TWO
On Monday, Two Harbors Investment Corp [NYSE:TWO] saw its stock jump 0.54% to $13.02. Over the last five days, the stock has gained 2.68%. Two Harbors Investment Corp shares have fallen nearly -6.53% since the year began. Nevertheless, the stocks have fallen -2.98% over the past one year. While a 52-week high of $14.72 was reached on 01/09/24, a 52-week low of $9.83 was recorded on 02/08/24. SMA at 50 days reached $12.88, while 200 days put it at $13.16. A total of 0.8 million shares were traded, compared to the trading of 1.16 million shares in the previous session.
Levels Of Support And Resistance For TWO Stock
The 24-hour chart illustrates a support level at 12.96, which if violated will result in even more drops to 12.90. On the upside, there is a resistance level at 13.10. A further resistance level may holdings at 13.17. The Relative Strength Index (RSI) on the 14-day chart is 55.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 23.74%. Stochastics %K at 74.82% indicates the stock is a holding.
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 Feb 29, 2024, dropping by -0.13 million shares to a total of 2.41 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 2.54 million shares. There was a decline of -5.39%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.08% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.87.
