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. Pennymac Mortgage Investment Trust shares valued at $210,702 were purchased by Jones Doug on Mar 05 ’25. At $14.50 per share, Jones Doug acquired 14,530 shares.
Also, Lynch Catherine A. purchased 949 shares, netting a total of over 11,904 in proceeds. Following the buying of shares at $12.54 each, the insider now holds 38,581 shares.
Before that, Lynch Catherine A. had added 838 shares to its account. In a trade valued at $11,572, the Director bought Pennymac Mortgage Investment Trust shares for $13.81 each. Upon closing the transaction, the insider’s holdings increased to 838 shares, worth approximately $0.54 million.
As published in a research note from Keefe Bruyette on July 10, 2024, Pennymac Mortgage Investment Trust [PMT] has been rated up from a Mkt perform to an Outperform and the price target has been revised to $15.50 from $15. Analysts at Deutsche Bank started covering the stock with ‘”a Hold”‘ outlook in a report released in early January. As of December 06, 2023, UBS has initiated its “Neutral” rating for PMT. Earlier on February 17, 2023, BTIG Research downgraded its rating. Their new recommendation was “a Neutral” for PMT stock which previously was a “a Buy”.
Analyzing PMT Stock Performance
During the last five days, there has been a drop of approximately -0.42%. Over the course of the year, Pennymac Mortgage Investment Trust shares have jumped approximately 13.82%. Shares of the company reached a 52-week high of $14.78 on 02/26/25 and a 52-week low of $11.77 on 01/13/25. A 50-day SMA is recorded $13.26, while a 200-day SMA reached $13.66.
Support And Resistance Levels for Pennymac Mortgage Investment Trust (PMT)
According to the 24-hour chart, there is a support level at 14.27, which, if violated, would cause prices to drop to 14.21. In the upper region, resistance lies at 14.45. The next price resistance is at 14.57. RSI (Relative Strength Index) is 61.69 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.16, which suggests the price will decrease in the coming days. Percent R is at 39.47%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
