Two Harbors Investments Corp (TWO) : Traders are bullish on Two Harbors Investments Corp (TWO) as it has outperformed the S&P 500 by a wide margin of 1.14% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.98%, 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 2.49% in the last 1 week, and is up 1% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 1.12% and the 50-Day Moving Average is 3.61%.The 200 Day SMA reached 14.38%. Two Harbors Investment Corp. is up 9.05% in the last 3-month period. Year-to-Date the stock performance stands at 18.29%.
Two Harbors Investments Corp (NYSE:TWO): After opening at $8.94, the stock dipped to an intraday low of $8.8851 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $9.07 and the buying power remained strong till the end. The stock closed at $9.05 for the day, a gain of 2.03% for the day session. The total traded volume was 1,889,942. The stocks close on the previous trading day was $8.87.
Two Harbors Investment Corp. (Two Harbors) operates as a real estate investment trust (REIT). The Companys investment objective is to provide risk-adjusted total return to its stockholders over the long-term, primarily through dividends and secondarily through capital appreciation. Its target assets include Agency residential mortgage-backed securities (RMBS) (which includes inverse interest-only Agency securities classified as Agency Derivatives), meaning RMBS whose principal and interest payments are guaranteed by Ginnie Mae, Fannie Mae or Freddie Mac; Non-Agency RMBS, meaning RMBS that are not issued or guaranteed by Ginnie Mae, Fannie Mae or Freddie Mac; Residential mortgage loans; mortgage servicing rights (MSR); Commercial real estate debt and related assets, and other financial assets comprising approximately 5% to 10% of the portfolio. The Company is externally managed and advised by PRCM Advisers LLC, a subsidiary of Pine River Capital Management L.P.