Western Asset Mortgage Capital Corporation (WMC) : Traders are bullish on Western Asset Mortgage Capital Corporation (WMC) as it has outperformed the S&P 500 by a wide margin of 14.13% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 10.2%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 10.67% in the last 1 week, and is up 16.97% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Western Asset Mortgage Capital Corporation (NYSE:WMC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $10.39 and $10.32 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $10.89, notching a gain of 6.87% for the day. The total traded volume was 1,444,942 . The stock had closed at $10.19 on the previous day.
The stock has recorded a 20-day Moving Average of 11.72% and the 50-Day Moving Average is 15.12%. Western Asset Mortgage Capital Corporation is up 20.17% in the last 3-month period. Year-to-Date the stock performance stands at 15.1%.
Western Asset Mortgage Capital Corporation (WMC) : Currently there are 4 street experts covering Western Asset Mortgage Capital Corporation (WMC) stock. The most bullish and bearish price target for the stock is $12 and $10 respectively for the short term. The average price target of all the analysts comes to $10.06. The estimated standard deviation from the target is $0.97.
Western Asset Mortgage Capital Corporation is a specialty financial real estate investment trust (REIT) managing a diversified mortgage-market investment portfolio, including undervalued assets. The Companys is primarily focused on investing in, financing and managing Agency residential mortgage-backed securities (RMBS) (including To-Be-Announced securities (TBAs)), Non-Agency RMBS, and Agency and Non-Agency commercial mortgage-backed securities (CMBS). In addition, the Company also invests in other securities, including certain Agency obligations that are not technically mortgage-backed securities (MBS), as well as certain Non United States CMBS and asset-backed securities (ABS) investments secured by a portfolio private student loans and interests in residential whole-loans. The Company is externally managed and advised by Western Asset Management Company (the Manager).