Pennymac Mortgage Investment Trust’s recently made public that its Director, President & CMBO Jones Doug unloaded Company’s shares for reported $0.11 million on Mar 11 ’24. In the deal valued at $14.34 per share,7,810 shares were sold. As a result of this transaction, Jones Doug now holds 53,311 shares worth roughly $0.74 million.
Then, Preston Paul DuFauchard, Jr. sold 4,961 shares, generating $69,561 in total proceeds. Upon selling the shares at $14.02, the Director now owns 44,282 shares.
Before that, Carnahan Scott W. sold 8,058 shares. Pennymac Mortgage Investment Trust shares valued at $114,427 were divested by the Director at a price of $14.20 per share. As a result of the transaction, Carnahan Scott W. now holds 1,718 shares, worth roughly $23897.38.
Deutsche Bank initiated its Pennymac Mortgage Investment Trust [PMT] rating to a Hold in a research note published recently. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in early December with a ‘”a Neutral”‘ rating. BTIG Research also remained covering PMT and has decreased its forecast on February 17, 2023 with a “Neutral” recommendation from previously “Buy” rating. Piper Sandler revised its rating on February 07, 2023. It rated PMT as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of PMT
On Tuesday, Pennymac Mortgage Investment Trust [NYSE:PMT] saw its stock jump 1.83% to $13.91. Over the last five days, the stock has gained 4.82%. Pennymac Mortgage Investment Trust shares have fallen nearly -6.96% since the year began. Nevertheless, the stocks have risen 16.40% over the past one year. While a 52-week high of $15.89 was reached on 01/29/24, a 52-week low of $10.52 was recorded on 02/13/24. SMA at 50 days reached $14.04, while 200 days put it at $13.62. A total of 0.46 million shares were traded, compared to the trading of 0.42 million shares in the previous session.
Levels Of Support And Resistance For PMT Stock
The 24-hour chart illustrates a support level at 13.66, which if violated will result in even more drops to 13.42. On the upside, there is a resistance level at 14.04. A further resistance level may holdings at 14.18. The Relative Strength Index (RSI) on the 14-day chart is 49.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 52.22%. Stochastics %K at 34.13% indicates the stock is a holding.
