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 Friday, Cherry Hill Mortgage Investment Corporation [NYSE:CHMI] saw its stock jump 4.07% to $2.81. Over the last five days, the stock has gained 10.63%. Cherry Hill Mortgage Investment Corporation shares have fallen nearly -30.45% since the year began. Nevertheless, the stocks have fallen -35.84% 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 $2.91, while 200 days put it at $3.43.
Levels Of Support And Resistance For CHMI Stock
The 24-hour chart illustrates a support level at 2.69, which if violated will result in even more drops to 2.58. On the upside, there is a resistance level at 2.90. A further resistance level may holdings at 3.00. The Relative Strength Index (RSI) on the 14-day chart is 57.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 18.92%. Stochastics %K at 70.51% 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.
