Chimera Investment Corporation (CIM) : Traders are bullish on Chimera Investment Corporation (CIM) as it has outperformed the S&P 500 by a wide margin of 1.46% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.43%, 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 2.95% in the last 1 week, and is up 1.33% 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 2.25% and the 50-Day Moving Average is 3.53%.The 200 Day SMA reached 22.85%. Chimera Investment Corporation is up 12.29% in the last 3-month period. Year-to-Date the stock performance stands at 36.22%.
Chimera Investment Corporation (NYSE:CIM): After opening at $16.5, the stock dipped to an intraday low of $16.5 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $16.76 and the buying power remained strong till the end. The stock closed at $16.76 for the day, a gain of 1.82% for the day session. The total traded volume was 1,386,974. The stocks close on the previous trading day was $16.46.
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.