Chimera Investment Corporation (NYSE:CIM) : During the past 4 weeks, traders have been relatively bearish on Chimera Investment Corporation (NYSE:CIM), hence the stock is down -0.14% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.38% 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 0.89% in the last 1 week, and is up 1.47% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 12.18% from its 1 Year high price. On Jul 8, 2016, the shares registered one year high at $15.88 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $15.41 and the 200 Day Moving Average price is recorded at $13.94.
The stock has recorded a 20-day Moving Average of 3.74% and the 50-Day Moving Average is 7.49%.
Chimera Investment Corporation (NYSE:CIM): stock turned positive on Friday. Though the stock opened at $15.76, the bulls momentum made the stock top out at $15.88 level for the day. The stock recorded a low of $15.71 and closed the trading day at $15.84, in the green by 0.64%. The total traded volume for the day was 1,036,445. The stock had closed at $15.74 in the previous days trading.
In an insider trading activity, Mahoney Dennis, director of Chimera Investment Corp, executed a transaction worth $58,995 on February 29, 2016. A total of 4,500 shares were purchased at an average price of $13.11. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
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.