Pennymac Mortgage Investment Trust’s recent filing unveils that its Director Lynch Catherine A. acquired Company’s shares for reported $11572.0 on Oct 25 ’24. In the deal valued at $13.81 per share,838 shares were bought. As a result of this transaction, Lynch Catherine A. now holds 37,632 shares worth roughly $0.51 million.
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Then, Jones Doug sold 37,010 shares, generating $518,647 in total proceeds. Upon selling the shares at $14.01, the Director, President & CMBO now owns 49,114 shares.
Before that, Jones Doug bought 22,999 shares. Pennymac Mortgage Investment Trust shares valued at $322,301 were divested by the Officer at a price of $14.01 per share.
Keefe Bruyette upgraded its Pennymac Mortgage Investment Trust [PMT] rating to an Outperform from a a Mkt perform in a research note published on July 10, 2024; the price target was increased to $15.50 from $15. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who began to cover the stock in early January with a ‘”a Hold”‘ rating. UBS began covering PMT with “Neutral” recommendation on December 06, 2023. BTIG Research revised its rating on February 17, 2023. It rated PMT as “a Neutral” which previously was an “a Buy”.
Price Performance Review of PMT
On Monday, Pennymac Mortgage Investment Trust [NYSE:PMT] saw its stock jump 0.22% to $13.42. Over the last five days, the stock has lost -1.83%. Pennymac Mortgage Investment Trust shares have fallen nearly -10.23% since the year began. Nevertheless, the stocks have risen 0.07% over the past one year. While a 52-week high of $15.89 was reached on 05/17/24, a 52-week low of $12.81 was recorded on 08/05/24. SMA at 50 days reached $14.00, while 200 days put it at $14.02.
Levels Of Support And Resistance For PMT Stock
The 24-hour chart illustrates a support level at 13.38, which if violated will result in even more drops to 13.34. On the upside, there is a resistance level at 13.49. A further resistance level may holdings at 13.55. The Relative Strength Index (RSI) on the 14-day chart is 37.01, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.87%. Stochastics %K at 15.22% indicates the stock is a buying.
How much short interest is there in Pennymac Mortgage Investment Trust?
A steep rise in short interest was recorded in Pennymac Mortgage Investment Trust stocks on 2024-10-15, dropping by -0.16 million shares to a total of 4.59 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 4.75 million shares. There was a decline of -3.41%, which implies that there is a negative sentiment for the stock.
