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UBS initates Chimera Investment Corp (CIM) stock to a Neutral

Chimera Investment Corp’s recently made public that its Director CREAGH GERARD acquired Company’s shares for reported $0.13 million on Jun 17 ’24. In the deal valued at $13.07 per share,10,000 shares were bought. As a result of this transaction, CREAGH GERARD now holds 125,899 shares worth roughly $1.94 million.

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UBS initiated its Chimera Investment Corp [CIM] rating to a Neutral in a research note published on December 06, 2023; the price target was $5.50. A number of analysts have revised their coverage, including Barclays’s analysts, who decreased its forecast for the stock in early December from “an Equal weight” to “an Underweight”. RBC Capital Mkts began covering CIM with “an Outperform” recommendation on October 03, 2019. Credit Suisse revised its rating on August 21, 2019. It rated CIM as “a Neutral” which previously was an “an Outperform”.

Price Performance Review of CIM

On Friday, Chimera Investment Corp [NYSE:CIM] saw its stock fall -0.13% to $15.41. Over the last five days, the stock has lost -4.82%. Chimera Investment Corp shares have risen nearly 2.94% since the year began. Nevertheless, the stocks have risen 1.72% over the past one year. While a 52-week high of $16.89 was reached on 09/20/24, a 52-week low of $11.28 was recorded on 06/11/24. SMA at 50 days reached $15.28, while 200 days put it at $13.96.

Levels Of Support And Resistance For CIM Stock

The 24-hour chart illustrates a support level at 15.25, which if violated will result in even more drops to 15.09. On the upside, there is a resistance level at 15.57. A further resistance level may holdings at 15.72. The Relative Strength Index (RSI) on the 14-day chart is 44.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.59, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.08%. Stochastics %K at 9.20% indicates the stock is a buying.

How much short interest is there in Chimera Investment Corp?

A steep rise in short interest was recorded in Chimera Investment Corp stocks on 2024-09-13, dropping by 39201.0 shares to a total of 2.21 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 2.25 million shares. There was a decline of -1.77%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on March 27, 2019 when Nomura began covering the stock and recommended ‘”a Buy”‘ rating .

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