AG Mortgage Investment Trust Inc’s recent filing unveils 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 $2.54 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 0.89% to $6.80. Over the last five days, the stock has gained 22.74%. AG Mortgage Investment Trust Inc shares have risen nearly 7.09% since the year began. Nevertheless, the stocks have risen 26.87% over the past one year. While a 52-week high of $6.89 was reached on 05/07/24, a 52-week low of $4.82 was recorded on 04/16/24. SMA at 50 days reached $5.91, while 200 days put it at $5.92. A total of 0.34 million shares were traded, compared to the trading of 0.49 million shares in the previous session.
Levels Of Support And Resistance For MITT Stock
The 24-hour chart illustrates a support level at 6.73, which if violated will result in even more drops to 6.66. On the upside, there is a resistance level at 6.89. A further resistance level may holdings at 6.98. The Relative Strength Index (RSI) on the 14-day chart is 76.30, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.78, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 7.53%. Stochastics %K at 93.49% indicates the stock is a selling.
