Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Granite Point Mortgage Trust Inc shares valued at $69,020 were purchased by Halter Patrick Gregory on May 15 ’25. At $2.38 per share, Halter Patrick Gregory acquired 29,000 shares. The insider’s holdings grew to 63,001 shares worth approximately $0.15 million following the completion of this transaction.
Also, Nikolic Lazar purchased 500 shares, netting a total of over 8,880 in proceeds. Following the buying of shares at $17.76 each, the insider now holds 769 shares.
Before that, Nikolic Lazar had added 1,126 shares to its account. In a trade valued at $19,941, the Director bought Granite Point Mortgage Trust Inc shares for $17.71 each. Upon closing the transaction, the insider’s holdings increased to 1,126 shares, worth approximately $76955.24.
As published in a research note from Keefe Bruyette on December 10, 2024, Granite Point Mortgage Trust Inc [GPMT] has been rated up from an Underperform to a Mkt perform and the price target has been revised to $3.25 from $3. Analysts at JMP Securities downgraded the stock from ‘”a Mkt outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in mid February. As of December 06, 2023, UBS has initiated its “Buy” rating for GPMT. Earlier on December 15, 2022, Keefe Bruyette downgraded its rating. Their new recommendation was “an Underperform” for GPMT stock which previously was a “a Mkt perform”.
Analyzing GPMT Stock Performance
During the last five days, there has been a surge of approximately 0.87%. Over the course of the year, Granite Point Mortgage Trust Inc shares have dropped approximately -16.49%. Shares of the company reached a 52-week high of $3.19 on 02/13/25 and a 52-week low of $1.61 on 04/21/25.
Support And Resistance Levels for Granite Point Mortgage Trust Inc (GPMT)
According to the 24-hour chart, there is a support level at 2.30, which, if violated, would cause prices to drop to 2.27. In the upper region, resistance lies at 2.38. The next price resistance is at 2.43. RSI (Relative Strength Index) is 56.31 on the 14-day chart, showing neutral technical sentiment.
