Capstead Mortgage Corporation (CMO) has been under a strong bear grip, hence the stock is down -3.52% 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 0.4% in the past 1 week. The stock has risen by 0.9% in the past week indicating that the buyers are active at lower levels, but the stock is down -3.64% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 0.98% and the 50-Day Moving Average is 0.84%.The 200 Day SMA reached 8.38%. Capstead Mortgage Corp. is up 4.03% in the last 3-month period. Year-to-Date the stock performance stands at 21.03%.
Capstead Mortgage Corporation (NYSE:CMO): After opening at $9.9, the stock dipped to an intraday low of $9.9 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $10.07 and the buying power remained strong till the end. The stock closed at $10.05 for the day, a gain of 1.62% for the day session. The total traded volume was 517,750. The stocks close on the previous trading day was $9.89.
Capstead Mortgage Corporation is a self-managed real estate investment trust (REIT). The Company invests in a leveraged portfolio of residential mortgage pass-through securities consisting exclusively of short-duration adjustable-rate mortgage (ARM) securities issued and guaranteed by Government-sponsored enterprises (GSEs), either Fannie Mae or Freddie Mac (together, the GSEs), or by an agency of the federal Government, Ginnie Mae. As of December 31, 2014, the Companys long-term investment capital totaled $1.49 billion and consisted of $1.21 billion of common and $184 million of perpetual preferred stockholders equity (recorded amounts) and $100 million of unsecured borrowings. The Company offers residential mortgage securities classified as held-to-maturity.