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 $47,566 were sold by RUSH ROBERT on Feb 27 ’24. At $12.60 per share, RUSH ROBERT sold 3,775 shares. The insider’s holdings dropped to 69,176 shares worth approximately $0.86 million following the completion of this transaction.
Also, VINAR JASON sold 1,980 shares, netting a total of over 24,948 in proceeds. Following the sale of shares at $12.60 each, the insider now holds 44,035 shares.
Before that, KEEN MATTHEW had sold 1,891 shares from its account. In a trade valued at $23,827, the Chief Technology Officer traded Two Harbors Investment Corp shares for $12.60 each. Upon closing the transaction, the insider’s holdings decreased to 1,891 shares, worth approximately $0.37 million.
As published in their initiating research note from UBS on December 06, 2023, Two Harbors Investment Corp [TWO] has been a Neutral and the price target has been revised to $14.50. Analysts at Maxim Group upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early February. As of November 17, 2022, RBC Capital Mkts has decreased its “an Outperform” rating to a “Sector perform” for TWO. Earlier on January 04, 2022, Citigroup initiated its rating. Their recommendation was “a Neutral” for TWO stock.
Analyzing TWO Stock Performance
During the last five days, there has been a drop of approximately -5.70%. Over the course of the year, Two Harbors Investment Corp shares have dropped approximately -10.91%. Shares of the company reached a 52-week high of $14.21 on 01/09/24 and a 52-week low of $12.08 on 02/08/24. A 50-day SMA is recorded $12.81, while a 200-day SMA reached $13.13. Nevertheless, trading volume fell to 0.85 million shares from 1.59 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 12.32, which, if violated, would cause prices to drop to 12.24. In the upper region, resistance lies at 12.55. The next price resistance is at 12.70. RSI (Relative Strength Index) is 38.77 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.28, which suggests the price will decrease in the coming days. Percent R is at 89.11%, indicating bearish 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 rise in short interest on Mar 15, 2024 jumping by 0.52 million shares to 2.81 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 2.29 million shares. A jump of 18.51% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.43 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.43.
