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 $33,191 were sold by Sandberg Rebecca B on Feb 10 ’25. At $12.96 per share, Sandberg Rebecca B sold 2,561 shares. The insider’s holdings dropped to 146,803 shares worth approximately $2.01 million following the completion of this transaction.
Also, RUSH ROBERT sold 2,392 shares, netting a total of over 31,000 in proceeds. Following the sale of shares at $12.96 each, the insider now holds 87,087 shares.
Before that, HANSON ALECIA had sold 910 shares from its account. In a trade valued at $11,784, the Chief Administrative Officer traded Two Harbors Investment Corp shares for $12.95 each. Upon closing the transaction, the insider’s holdings decreased to 910 shares, worth approximately $0.6 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 surge of approximately 4.34%. Over the course of the year, Two Harbors Investment Corp shares have jumped approximately 15.72%. Shares of the company reached a 52-week high of $13.70 on 02/20/25 and a 52-week low of $10.84 on 01/13/25. A 50-day SMA is recorded $12.14, while a 200-day SMA reached $12.79. Nevertheless, trading volume fell to 0.8 million shares from 0.88 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 13.61, which, if violated, would cause prices to drop to 13.53. In the upper region, resistance lies at 13.73. The next price resistance is at 13.78. RSI (Relative Strength Index) is 75.82 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.45, which suggests the price will decrease in the coming days. Percent R is at 0.79%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
