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. Two Harbors Investment Corp shares valued at $33,870 were sold by Sandberg Rebecca B on Jan 14 ’25. At $11.24 per share, Sandberg Rebecca B sold 3,014 shares. The insider’s holdings dropped to 149,364 shares worth approximately $1.76 million following the completion of this transaction.
Also, RUSH ROBERT sold 2,868 shares, netting a total of over 32,265 in proceeds. Following the sale of shares at $11.25 each, the insider now holds 89,479 shares.
Before that, LETICA NICHOLAS had sold 5,737 shares from its account. In a trade valued at $64,720, the Chief Investment Officer traded Two Harbors Investment Corp shares for $11.28 each. Upon closing the transaction, the insider’s holdings decreased to 5,737 shares, worth approximately $1.99 million.
As published in their initiating research note from Compass Point on October 03, 2024, Two Harbors Investment Corp [TWO] has been a Buy and the price target has been revised to $15.75. Analysts at Janney started covering the stock with ‘”a Buy”‘ outlook in a report released in mid August. As of June 07, 2024, UBS has increased its “Neutral” rating to a “Buy” for TWO. Earlier on December 06, 2023, UBS initiated its rating. Their recommendation was “a Neutral” for TWO stock.
Analyzing TWO Stock Performance
During the last five days, there has been a drop of approximately -0.68%. Over the course of the year, Two Harbors Investment Corp shares have dropped approximately -0.51%. Shares of the company reached a 52-week high of $12.18 on 01/28/25 and a 52-week low of $10.84 on 01/13/25. A 50-day SMA is recorded $11.72, while a 200-day SMA reached $12.73. Nevertheless, trading volume fell to 2.1 million shares from 1.67 million shares the previous day.
Support And Resistance Levels for Two Harbors Investment Corp (TWO)
According to the 24-hour chart, there is a support level at 11.62, which, if violated, would cause prices to drop to 11.48. In the upper region, resistance lies at 12.01. The next price resistance is at 12.26. RSI (Relative Strength Index) is 50.52 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.24, which suggests the price will decrease in the coming days. Percent R is at 30.60%, indicating low price movement. Stochastics %K at selling indicates that the stock is to be held.
