Two Harbors Investments Corp (TWO) has been under a strong bear grip, hence the stock is down -1.45% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.3% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.23% in the last 1 week, and is up 1.86% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 1.89% and the 50-Day Moving Average is 3.79%. Two Harbors Investment Corp. is up 14.86% in the last 3-month period. Year-to-Date the stock performance stands at 14.37%.
Two Harbors Investments Corp (NYSE:TWO): stock turned positive on Friday. Though the stock opened at $8.67, the bulls momentum made the stock top out at $8.75 level for the day. The stock recorded a low of $8.67 and closed the trading day at $8.75, in the green by 0.69%. The total traded volume for the day was 1,143,221. The stock had closed at $8.69 in the previous days trading.
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.