Invesco Mortgage Capital stock rises 2.49% and outperforms competitors
Updated
Updated · MarketWatch · May 8
Invesco Mortgage Capital stock rises 2.49% and outperforms competitors
11 articles · Updated · MarketWatch · May 8
Shares closed at $8.23 on Friday, marking a second straight gain as the Nasdaq rose 1.71% to 26,247.08 and the Dow added 0.02%.
Invesco outpaced peers including PennyMac Mortgage Investment Trust, down 0.72%, while AGNC Investment and MFA Financial posted smaller gains of 1.31% and 1.54%.
The stock remains 13.37% below its 52-week high of $9.50 reached on 16 January, and trading volume of 2.1 million was slightly below its 50-day average.
A new CEO, insider buying, and a net loss. What is truly happening inside Invesco Mortgage Capital?
After a quarterly loss, is Invesco’s massive 17% dividend yield a trap for investors?