In a filing, Granite Point Mortgage Trust Inc revealed its Director Nikolic Lazar acquired Company’s shares for reported $8880.0 on Mar 04 ’25. In the deal valued at $17.76 per share,500 shares were bought. As a result of this transaction, Nikolic Lazar now holds 769 shares worth roughly $1699.49.
Then, Nikolic Lazar bought 1,126 shares, generating $19,941 in total proceeds. Upon buying the shares at $17.71, the Director now owns 33,028 shares.
Before that, Nikolic Lazar bought 269 shares. Granite Point Mortgage Trust Inc shares valued at $4,767 were divested by the Director at a price of $17.72 per share. As a result of the transaction, Nikolic Lazar now holds 269 shares, worth roughly $594.49.
Keefe Bruyette upgraded its Granite Point Mortgage Trust Inc [GPMT] rating to a Mkt perform from a an Underperform in a research note published on December 10, 2024; the price target was increased to $3.25 from $3. A number of analysts have revised their coverage, including JMP Securities’s analysts, who decreased its forecast for the stock in mid February from “a Mkt outperform” to “a Mkt perform”. UBS began covering GPMT with “Buy” recommendation on December 06, 2023. Keefe Bruyette revised its rating on December 15, 2022. It rated GPMT as “an Underperform” which previously was an “a Mkt perform”.
Price Performance Review of GPMT
On Friday, Granite Point Mortgage Trust Inc [NYSE:GPMT] saw its stock fall -7.53% to $2.21. Over the last five days, the stock has lost -15.33%. Granite Point Mortgage Trust Inc shares have fallen nearly -20.79% since the year began. Nevertheless, the stocks have fallen -50.89% over the past one year. While a 52-week high of $4.60 was reached on 02/13/25, a 52-week low of $2.38 was recorded on 04/04/25. SMA at 50 days reached $2.82, while 200 days put it at $2.93.
Levels Of Support And Resistance For GPMT Stock
The 24-hour chart illustrates a support level at 2.14, which if violated will result in even more drops to 2.07. On the upside, there is a resistance level at 2.30. A further resistance level may holdings at 2.39. The Relative Strength Index (RSI) on the 14-day chart is 20.76, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.27, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.11%. Stochastics %K at 7.06% indicates the stock is a buying.
How much short interest is there in Granite Point Mortgage Trust Inc?
A steep rise in short interest was recorded in Granite Point Mortgage Trust Inc stocks on 2025-03-14, growing by 0.26 million shares to a total of 1.3 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 1.04 million shares. There was a rise of 19.73%, which implies that there is a positive sentiment for the stock.
