Large Inflow of Money Witnessed in Chimera Investment Corporation

Chimera Investment Corporation (NYSE:CIM) : Wednesdays money flow indicated an uptick to downtick ratio was at 1.18. The total value of inflow transactions on upticks was $4.16 million, whereas, the total value of outflow trades on downticks was $3.52 million. The total money flow was $0.64 million, which shows a mild bullish bias. The total money flow into the stock in block trades was $0.52 million. The total value of the trades done on upticks was $0.77 million. Downticks saw transactions worth $0.25 million. The total uptick to downtick ratio stood at 3.12, mildly in favor of the bulls. Chimera Investment Corporation (NYSE:CIM) was trading with a -0.07% change over previous days close. It fell $0.01 during the day and reached $15.35. The stock was -2.66% compared to the previous weeks close.


In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Chimera Investment Corp, Mahoney Dennis, had purchased 4,500 shares in a transaction dated on February 29, 2016. The transaction was executed at $13.11 per share with total amount equaling $58,995. 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%.

The company shares have rallied 10.58% from its 1 Year high price. On Jun 27, 2016, the shares registered one year high at $15.83 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $15.26 and the 200 Day Moving Average price is recorded at $13.85. Chimera Investment Corporation (NYSE:CIM): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $15.38 and $15.27 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $15.48. The buying momentum continued till the end and the stock did not give up its gains. It closed at $15.42, notching a gain of 0.39% for the day. The total traded volume was 2,046,287 . The stock had closed at $15.36 on the previous day.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.