AG Mortgage Investment Trust Inc’s filing revealed that its CEO and President Durkin Thomas acquired Company’s shares for reported $0.31 million on Feb 23 ’24. In the deal valued at $6.12 per share,50,000 shares were bought. As a result of this transaction, Durkin Thomas now holds 372,832 shares worth roughly $2.24 million.
UBS initiated its AG Mortgage Investment Trust Inc [MITT] rating to a Buy in a research note published on December 06, 2023; the price target was $7. A number of analysts have revised their coverage, including Credit Suisse’s analysts, who increased its forecast for the stock in early January from “an Underperform” to “a Neutral”. Keefe Bruyette also remained covering MITT and has decreased its forecast on July 18, 2022 with a “Mkt perform” recommendation from previously “an Outperform” rating. BTIG Research revised its rating on November 08, 2021. It rated MITT as “a Neutral” which previously was an “a Buy”.
Price Performance Review of MITT
On Tuesday, AG Mortgage Investment Trust Inc [NYSE:MITT] saw its stock jump 1.52% to $6.02. Over the last five days, the stock has gained 0.84%. AG Mortgage Investment Trust Inc shares have fallen nearly -5.20% since the year began. Nevertheless, the stocks have risen 2.56% over the past one year. While a 52-week high of $6.89 was reached on 01/12/24, a 52-week low of $4.82 was recorded on 02/22/24. SMA at 50 days reached $6.05, while 200 days put it at $5.98. A total of 0.32 million shares were traded, compared to the trading of 0.12 million shares in the previous session.
Levels Of Support And Resistance For MITT Stock
The 24-hour chart illustrates a support level at 5.96, which if violated will result in even more drops to 5.90. On the upside, there is a resistance level at 6.05. A further resistance level may holdings at 6.08. The Relative Strength Index (RSI) on the 14-day chart is 50.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 51.28%. Stochastics %K at 36.39% indicates the stock is a holding.
How much short interest is there in AG Mortgage Investment Trust Inc?
A steep rise in short interest was recorded in AG Mortgage Investment Trust Inc stocks on Mar 15, 2024, dropping by 13230.0 shares to a total of 0.12 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 0.13 million shares. There was a decline of -11.42%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 0.41% of the overall stock float, the days-to-cover ratio (short ratio) fell to 0.42.
