Western Asset Mortgage Capital Corporation (WMC) has been under a strong bear grip, hence the stock is down -1.25% 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 1.19% in the past 1 week. The stock has risen by 1.7% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.38% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 0.2% and the 50-Day Moving Average is 6.74%.The 200 Day SMA reached 12.19%. Western Asset Mortgage Capital Corporation is up 17.76% in the last 3-month period. Year-to-Date the stock performance stands at 13.52%.
Western Asset Mortgage Capital Corporation (NYSE:WMC): After opening at $10.52, the stock dipped to an intraday low of $10.52 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $10.74 and the buying power remained strong till the end. The stock closed at $10.74 for the day, a gain of 2.09% for the day session. The total traded volume was 240,021. The stocks close on the previous trading day was $10.52.
Western Asset Mortgage Capital Corporation is a specialty financial real estate investment trust (REIT) managing a diversified mortgage-market investment portfolio, including undervalued assets. The Companys is primarily focused on investing in, financing and managing Agency residential mortgage-backed securities (RMBS) (including To-Be-Announced securities (TBAs)), Non-Agency RMBS, and Agency and Non-Agency commercial mortgage-backed securities (CMBS). In addition, the Company also invests in other securities, including certain Agency obligations that are not technically mortgage-backed securities (MBS), as well as certain Non United States CMBS and asset-backed securities (ABS) investments secured by a portfolio private student loans and interests in residential whole-loans. The Company is externally managed and advised by Western Asset Management Company (the Manager).