Large Inflow of Money Detected in Two Harbors Investments Corp

Two Harbors Investments Corp (TWO) : $1.6 million worth of transactions were on upticks in Two Harbors Investments Corp (TWO), compared to $0.64 million on downticks. The ratio between the two was 2.49, whereas, the net money flow stood at a healthy $0.96 million on Wednesdays session. The consistent buying on upticks in the stock accounted for $1.12million worth of trades. The total money flow into the stock stood at $1.12 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.23%. The stock was trading at $8.63, with a drop of $0.02 over the previous days close. The stock recorded 1.29% for the week.


Two Harbors Investments Corp (NYSE:TWO): The stock was completely flat for the day, closing at $8.65 on Wednesday. The flat closing masks the intraday volatility in the stock. After opening at $8.66, the stock touched an intraday high of $8.67 and a low of $8.60. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $8.65. The total trading volume on Wednesday was 1,380,603.

The stock has recorded a 20-day Moving Average of 1.91% and the 50-Day Moving Average is 3.47%. In a related news,The officer (General Counsel and Secretary) of Two Harbors Investment Corp., Sandberg Rebecca B sold 6,488 shares at $8.48 on May 31, 2016. The Insider selling transaction had a total value worth of $55,018. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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.

Leave a Reply

Get Pre-Market Alerts!

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