Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Two Harbors Investment Corp shares valued at $43,024 were purchased by David B. Hughes on Aug 28 ’24. At $13.96 per share, David B. Hughes acquired 3,082 shares.
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Also, LETICA NICHOLAS sold 8,654 shares, netting a total of over 117,954 in proceeds. Following the sale of shares at $13.63 each, the insider now holds 105,644 shares.
Before that, Nicholas Letica had added 6,100 shares to its account. In a trade valued at $81,618, the Officer bought Two Harbors Investment Corp shares for $13.38 each.
As published in their initiating research note from Compass Point on October 03, 2024, Two Harbors Investment Corp [TWO] has been a Buy and the price target has been revised to $15.75. Analysts at Janney started covering the stock with ‘”a Buy”‘ outlook in a report released in mid August. As of June 07, 2024, UBS has increased its “Neutral” rating to a “Buy” for TWO. Earlier on December 06, 2023, UBS initiated its rating. Their recommendation was “a Neutral” for TWO stock.
Analyzing TWO Stock Performance
During the last five days, there has been a surge of approximately 2.09%. Over the course of the year, Two Harbors Investment Corp shares have dropped approximately -15.72%. Shares of the company reached a 52-week high of $14.27 on 09/17/24 and a 52-week low of $11.28 on 11/06/24. A 50-day SMA is recorded $13.15, while a 200-day SMA reached $13.01. Nevertheless, trading volume fell to 1.03 million shares from 1.66 million shares the previous day.
Support And Resistance Levels for Two Harbors Investment Corp (TWO)
According to the 24-hour chart, there is a support level at 11.63, which, if violated, would cause prices to drop to 11.52. In the upper region, resistance lies at 11.85. The next price resistance is at 11.97. RSI (Relative Strength Index) is 32.55 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.54, which suggests the price will decrease in the coming days. Percent R is at 75.71%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
