Markets

Chimera Investment (CIM) Surges: Stock Moves 9.4% Higher

Chimera Investment Corporation CIM was a big mover last session, as the company saw its shares rise more than 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company, as the stock is now down 65.2% in the past one-month time frame.

The company has seen one positive estimate revision in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few months, suggesting that more solid trading could be ahead for Chimera Investment. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

Chimera Investment currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.00%.

Chimera Investment Corporation Price

Chimera Investment Corporation Price

Chimera Investment Corporation price | Chimera Investment Corporation Quote

A better-ranked stock in the REIT and Equity Trust industry is ARMOUR Residential REIT, Inc. ARR, holding a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Biggest Tech Breakthrough in a Generation

Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.

A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.

See 8 breakthrough stocks now>>


Click to get this free report

ARMOUR Residential REIT, Inc. (ARR): Free Stock Analysis Report

Chimera Investment Corporation (CIM): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Latest Markets Videos

Zacks

Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at www.zacks.com.

Learn More