Two Harbors Investments Corp (TWO) : During the past 4 weeks, traders have been relatively bearish on Two Harbors Investments Corp (TWO), hence the stock is down -5.3% 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 -1.12% relative to the S&P 500. The stock has risen by 0.35% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.16% in the past 4 weeks. The stock has recorded a 20-day Moving Average of 0.69% and the 50-Day Moving Average is 2.47%.
Two Harbors Investments Corp (NYSE:TWO): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $8.48 and $8.42 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $8.53. The buying momentum continued till the end and the stock did not give up its gains. It closed at $8.52, notching a gain of 0.47% for the day. The total traded volume was 1,658,302 . The stock had closed at $8.48 on the previous day.
The company Insiders own 0.96% of Two Harbors Investments Corp shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -2.96% . Institutional Investors own 70.58% of Two Harbors Investments Corp shares. During last six month period, the net percent change held by insiders has seen a change of -28.17%. 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.