Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Chimera Investment Corp shares valued at $130,700 were purchased by CREAGH GERARD on Jun 17 ’24. At $13.07 per share, CREAGH GERARD acquired 10,000 shares. The insider’s holdings grew to 125,899 shares worth approximately $1.88 million following the completion of this transaction.
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As published in their initiating research note from UBS on December 06, 2023, Chimera Investment Corp [CIM] has been a Neutral and the price target has been revised to $5.50. Analysts at Barclays downgraded the stock from ‘”an Equal weight”‘ to ‘”an Underweight”‘ outlook in a report released in early December. As of October 03, 2019, RBC Capital Mkts has initiated its “an Outperform” rating for CIM. Earlier on August 21, 2019, Credit Suisse downgraded its rating. Their new recommendation was “a Neutral” for CIM stock which previously was a “an Outperform”.
Analyzing CIM Stock Performance
During the last five days, there has been a drop of approximately -5.74%. Over the course of the year, Chimera Investment Corp shares have dropped approximately -0.20%. Shares of the company reached a 52-week high of $16.89 on 09/20/24 and a 52-week low of $11.28 on 06/11/24. A 50-day SMA is recorded $15.60, while a 200-day SMA reached $14.00. Nevertheless, trading volume fell to 1.06 million shares from 0.42 million shares the previous day.
Support And Resistance Levels for Chimera Investment Corp (CIM)
According to the 24-hour chart, there is a support level at 14.34, which, if violated, would cause prices to drop to 13.74. In the upper region, resistance lies at 15.48. The next price resistance is at 16.03. RSI (Relative Strength Index) is 40.48 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.41, which suggests the price will decrease in the coming days. Percent R is at 66.84%, indicating low price movement. Stochastics %K at buying indicates that the stock is to be held.
