Chimera Investment Corporation (NYSE:CIM) has tumbled 0.9% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 3.62% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 0.29% and the outperformance has advanced to 2.67% for the last 4 weeks period.
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 $15.51 and $15.32 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $15.60. The buying momentum continued till the end and the stock did not give up its gains. It closed at $15.47, notching a gain of 0.06% for the day. The total traded volume was 3,651,865 . The stock had closed at $15.46 on the previous day.
The company shares have rallied 5.17% from its 1 Year high price. On Jun 13, 2016, the shares registered one year high at $15.67 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $15.01 and the 200 Day Moving Average price is recorded at $13.74.
On the companys insider trading activities, Mahoney Dennis, director of Chimera Investment Corp had purchased 4,500 shares on February 29, 2016 in a transaction. The price per share was $13.11 and the total amount of the disclosed transaction was $58,995.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.
Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, Wells Fargo downgrades its outlook on Chimera Investment Corporation (NYSE:CIM). The current rating of the shares is Underperform, according to the research report released by the firm. Previously, the company had a rating of Market Perform. The rating by the firm was issued on May 4, 2016. Currently the company Insiders own 0.62% of Chimera Investment Corporation shares according to the proxy statements. Institutional Investors own 53.43% of Chimera Investment Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 10.16%.
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.