Cherry Hill Mortgage Investment Corporation’s recent filing unveils that its President Lown Jeffrey B acquired Company’s shares for reported $25780.0 on Nov 22 ’24. In the deal valued at $2.58 per share,10,000 shares were bought. As a result of this transaction, Lown Jeffrey B now holds 40,128 shares worth roughly $0.11 million.
JMP Securities downgraded its Cherry Hill Mortgage Investment Corporation [CHMI] 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 Piper Sandler’s analysts, who decreased its forecast for the stock in early November from “an Overweight” to “a Neutral”. FBR & Co. also remained covering CHMI and reiterated its “Buy” recommendation on October 10, 2017. FBR & Co. maintained its rating on March 28, 2017. It rated CHMI as “an Outperform”.
Price Performance Review of CHMI
On Monday, Cherry Hill Mortgage Investment Corporation [NYSE:CHMI] saw its stock fall -3.61% to $2.67. Over the last five days, the stock has gained 4.71%. Cherry Hill Mortgage Investment Corporation shares have fallen nearly -33.91% since the year began. Nevertheless, the stocks have fallen -32.23% over the past one year. While a 52-week high of $4.39 was reached on 01/08/24, a 52-week low of $2.50 was recorded on 11/22/24. SMA at 50 days reached $3.23, while 200 days put it at $3.51.
Levels Of Support And Resistance For CHMI Stock
The 24-hour chart illustrates a support level at 2.63, which if violated will result in even more drops to 2.60. On the upside, there is a resistance level at 2.74. A further resistance level may holdings at 2.82. The Relative Strength Index (RSI) on the 14-day chart is 31.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.71%. Stochastics %K at 27.35% indicates the stock is a holding.
How much short interest is there in Cherry Hill Mortgage Investment Corporation?
A steep rise in short interest was recorded in Cherry Hill Mortgage Investment Corporation stocks on 2024-10-31, dropping by 46951.0 shares to a total of 0.45 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 0.5 million shares. There was a decline of -10.34%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on October 06, 2016 when Wedbush began covering the stock and recommended ‘”a Neutral”‘ rating along with a $17.50 price target.
