The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Cherry Hill Mortgage Investment Corporation shares valued at $25,780 were purchased by Lown Jeffrey B on Nov 22 ’24. At $2.58 per share, Lown Jeffrey B acquired 10,000 shares. The insider’s holdings grew to 40,128 shares worth approximately $0.11 million following the completion of this transaction.
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As published in a research note from JMP Securities on August 11, 2021, Cherry Hill Mortgage Investment Corporation [CHMI] has been rated down from a Mkt outperform to a Mkt perform. Analysts at Piper Sandler downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in early November. As of October 10, 2017, FBR & Co. has reiterated its “Buy” rating for CHMI. Earlier on March 28, 2017, FBR & Co. resumed its rating. Their recommendation was “an Outperform” for CHMI stock.
Analyzing CHMI Stock Performance
During the last five days, there has been a surge of approximately 3.85%. Over the course of the year, Cherry Hill Mortgage Investment Corporation shares have dropped approximately -33.17%. Shares of the company reached a 52-week high of $4.11 on 01/08/24 and a 52-week low of $2.50 on 11/22/24. A 50-day SMA is recorded $3.27, while a 200-day SMA reached $3.51. Nevertheless, trading volume fell to 0.19 million shares from 0.37 million shares the previous day.
Support And Resistance Levels for Cherry Hill Mortgage Investment Corporation (CHMI)
According to the 24-hour chart, there is a support level at 2.68, which, if violated, would cause prices to drop to 2.66. In the upper region, resistance lies at 2.73. The next price resistance is at 2.76. RSI (Relative Strength Index) is 28.74 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.10, which suggests the price will decrease in the coming days. Percent R is at 75.00%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
