PennyMac Mortgage (PMT) Catches Eye: Stock Jumps 7.5%
PennyMac Mortgage Investment Trust PMT was a big mover last session, as the company saw its shares rise nearly 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $5.68 –$22.16 in the past one-month time frame, witnessed a sharp increase yesterday.
The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
PennyMac Mortgage currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
PennyMac Mortgage Investment Trust Price
Investors interested in the Real Estate - Operations industry may consider Exp World Holdings, Inc. EXPI, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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Click to get this free report PennyMac Mortgage Investment Trust (PMT) : Free Stock Analysis Report Exp World Holdings, Inc. (EXPI) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
