Two Harbors Investment Corp’s recently made public that its Chief Investment Officer LETICA NICHOLAS unloaded Company’s shares for reported $0.12 million on Aug 16 ’24. In the deal valued at $13.63 per share,8,654 shares were sold. As a result of this transaction, LETICA NICHOLAS now holds 105,644 shares worth roughly $1.46 million.
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Then, Nicholas Letica bought 6,100 shares, generating $81,618 in total proceeds.
Before that, Sandberg Rebecca B sold 4,505 shares. Two Harbors Investment Corp shares valued at $57,131 were divested by the Chief Legal Officer at a price of $12.68 per share. As a result of the transaction, Sandberg Rebecca B now holds 112,894 shares, worth roughly $1.56 million.
Janney initiated its Two Harbors Investment Corp [TWO] rating to a Buy in a research note published on August 16, 2024; the price target was $15. A number of analysts have revised their coverage, including UBS’s analysts, who increased its forecast for the stock in early June from “a Neutral” to “a Buy”. UBS began covering TWO with “Neutral” recommendation on December 06, 2023. Maxim Group revised its rating on February 10, 2023. It rated TWO as “a Buy” which previously was an “a Hold”.
Price Performance Review of TWO
On Friday, Two Harbors Investment Corp [NYSE:TWO] saw its stock jump 1.61% to $13.86. Over the last five days, the stock has gained 1.84%. Two Harbors Investment Corp shares have fallen nearly -0.50% since the year began. Nevertheless, the stocks have risen 5.80% over the past one year. While a 52-week high of $14.59 was reached on 01/09/24, a 52-week low of $9.83 was recorded on 04/16/24. SMA at 50 days reached $13.39, while 200 days put it at $13.16.
Levels Of Support And Resistance For TWO Stock
The 24-hour chart illustrates a support level at 13.73, which if violated will result in even more drops to 13.61. On the upside, there is a resistance level at 13.94. A further resistance level may holdings at 14.03. The Relative Strength Index (RSI) on the 14-day chart is 60.14, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 3.92%. Stochastics%K at 94.51% indicates the stock is a selling.
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 2024-07-31, dropping by -0.25 million shares to a total of 3.14 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 3.39 million shares. There was a decline of -7.85%, which implies that there is a negative sentiment for the stock.
