Chimera Investment Corporation (CIM) has risen sharply, recording gains of 4.42% in the past 4 weeks. However, the stock has corrected -1.43% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.89% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Chimera Investment Corporation (NYSE:CIM): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $16.57 and $16.51 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $16.80. The buying momentum continued till the end and the stock did not give up its gains. It closed at $16.54, notching a gain of 0.06% for the day. The total traded volume was 1,952,797 . The stock had closed at $16.53 on the previous day.
The stock has recorded a 20-day Moving Average of 1.28% and the 50-Day Moving Average is 6.14%. Chimera Investment Corporation is up 17.05% in the last 3-month period. Year-to-Date the stock performance stands at 34.43%.
Chimera Investment Corporation (CIM) : Currently there are 2 street experts covering Chimera Investment Corporation (CIM) stock. The most bullish and bearish price target for the stock is $15 and $14 respectively for the short term. The average price target of all the analysts comes to $14.25. The estimated standard deviation from the target is $0.35.
Chimera Investment Corporation is a specialty finance company. The Company, through its subsidiaries, invests in residential mortgage-backed securities (RMBS), residential mortgage loans, commercial mortgage loans, real estate-related securities and various other asset classes. The Company is externally managed by Fixed Income Discount Advisory Company.