Very big picture, many MREITs are positioned for modest deflation or are in essence risk off vehicles. AGNC and NLY would be in this category. (Note that a very risk averse environment, where short term funding becomes an issue, is a negative for ALL MREITs.)
On the other hand, NYMT and several other MREITs are better served by a modest inflationary or risk on environment because they hold more credit sensitive assets.
Hope that helps a bit.
Today's move is because they just offered 4 million shares of common stock. That is 31% more to the already small float of 13 million shares. To me it seems like no big deal as far a dilution goes but who knows with the market and the way they treat all financials. I never traded this but I put it on my screen today. I have to go check the average volume to see if there is enough to bother with. LOL.
Why do you call it inside information? You can charge that if you see unusual option activity which did not exist yesterday. They was a little volume increase but the stock rose. And they probably have a shelf registration so they do not need an SEC filing.
They see a chance to buy some assets so they pull down some stock.
When you find out the price it is a good buy.
I think its because they are releasing new shares to the market to have more cash. As the supply increases, the price drops in comparison to the market.
In the most recent 3 quarters, total common shares increased from 9.45M to 13.94M (It was 9.32M at the end of 2008).This is almost %50 increase and must have brought around 25-30M USD.