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The Potential Rise in the Price of Two Harbors Investment Corp (TWO) following insiders activity

Two Harbors Investment Corp’s recent filing unveils that its Officer David B. Hughes acquired Company’s shares for reported $43024.0 on Aug 28 ’24. In the deal valued at $13.96 per share,3,082 shares were bought.

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Then, LETICA NICHOLAS sold 8,654 shares, generating $117,954 in total proceeds. Upon selling the shares at $13.63, the Chief Investment Officer now owns 105,644 shares.

Before that, Nicholas Letica bought 6,100 shares. Two Harbors Investment Corp shares valued at $81,618 were divested by the Officer at a price of $13.38 per share.

Compass Point initiated its Two Harbors Investment Corp [TWO] rating to a Buy in a research note published on October 03, 2024; the price target was $15.75. A number of analysts have revised their coverage, including Janney’s analysts, who began to cover the stock in mid August with a ‘”a Buy”‘ rating. UBS also remained covering TWO and has increased its forecast on June 07, 2024 with a “Buy” recommendation from previously “Neutral” rating. UBS started covering the stock on December 06, 2023. It rated TWO as “a Neutral”.

Price Performance Review of TWO

On Friday, Two Harbors Investment Corp [NYSE:TWO] saw its stock unchanged to $11.75. Over the last five days, the stock has gained 1.64%. Two Harbors Investment Corp shares have fallen nearly -15.65% since the year began. Nevertheless, the stocks have fallen -15.28% over the past one year. While a 52-week high of $14.59 was reached on 09/17/24, a 52-week low of $11.28 was recorded on 11/06/24. SMA at 50 days reached $12.46, while 200 days put it at $12.93.

Levels Of Support And Resistance For TWO Stock

The 24-hour chart illustrates a support level at 11.71, which if violated will result in even more drops to 11.68. On the upside, there is a resistance level at 11.82. A further resistance level may holdings at 11.90. The Relative Strength Index (RSI) on the 14-day chart is 43.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 39.17%. Stochastics %K at 56.87% indicates the stock is a holding.

How much short interest is there in Two Harbors Investment Corp?

A steep rise in short interest was recorded in Two Harbors Investment Corp stocks on 2024-11-15, growing by 0.85 million shares to a total of 3.42 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 2.56 million shares. There was a rise of 24.99%, which implies that there is a positive sentiment for the stock.

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