Granite Point Mortgage Trust Inc’s recently made public that its Director KASNET STEPHEN G unloaded Company’s shares for reported $83162.0 on Jun 05 ’24. In the deal valued at $3.08 per share,27,027 shares were sold. As a result of this transaction, KASNET STEPHEN G now holds 121,066 shares worth roughly $0.41 million.
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Then, DEHNE TANUJA M sold 5,717 shares, generating $17,780 in total proceeds. Upon selling the shares at $3.11, the Director now owns 50,710 shares.
Before that, TAYLOR JOHN A bought 5,500 shares. Granite Point Mortgage Trust Inc shares valued at $27,830 were divested by the President and CEO at a price of $5.06 per share. As a result of the transaction, TAYLOR JOHN A now holds 275,013 shares, worth roughly $0.93 million.
JMP Securities downgraded its Granite Point Mortgage Trust Inc [GPMT] rating to a Mkt perform from a a Mkt outperform in a research note published recently. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in early December with a ‘”a Buy”‘ rating. Keefe Bruyette also remained covering GPMT and has decreased its forecast on December 15, 2022 with a “an Underperform” recommendation from previously “Mkt perform” rating. Credit Suisse revised its rating on May 14, 2021. It rated GPMT as “an Outperform” which previously was an “a Neutral”.
Price Performance Review of GPMT
On Monday, Granite Point Mortgage Trust Inc [NYSE:GPMT] saw its stock jump 7.62% to $3.39. Over the last five days, the stock has gained 12.62%. Granite Point Mortgage Trust Inc shares have fallen nearly -42.93% since the year began. Nevertheless, the stocks have fallen -25.00% over the past one year. While a 52-week high of $6.41 was reached on 01/29/24, a 52-week low of $2.46 was recorded on 08/28/24. SMA at 50 days reached $2.96, while 200 days put it at $3.59.
Levels Of Support And Resistance For GPMT Stock
The 24-hour chart illustrates a support level at 3.21, which if violated will result in even more drops to 3.03. On the upside, there is a resistance level at 3.48. A further resistance level may holdings at 3.58. The Relative Strength Index (RSI) on the 14-day chart is 69.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 1.89%. Stochastics %K at 86.40% indicates the stock is a selling.
How much short interest is there in Granite Point Mortgage Trust Inc?
A steep rise in short interest was recorded in Granite Point Mortgage Trust Inc stocks on 2024-10-15, growing by 0.38 million shares to a total of 1.41 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.03 million shares. There was a rise of 26.94%, which implies that there is a positive sentiment for the stock.
