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Do Traders Think IMPAC Mortgage Holdings, Inc (IMH) Can Keep Climbing Tuesday?

Tuesday, April 20, 2021 03:00 PM | InvestorsObserver Analysts

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Do Traders Think IMPAC Mortgage Holdings, Inc (IMH) Can Keep Climbing Tuesday?

The market has been high on IMPAC Mortgage Holdings, Inc (IMH) stock recently. IMH gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.

Sentiment Score - ,bullish
IMPAC Mortgage Holdings, Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on IMH!

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.

Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.

InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.

The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With IMH Stock Today?

IMPAC Mortgage Holdings, Inc (IMH) stock is trading at $2.10 as of 2:34 PM on Tuesday, Apr 20, a decline of -$0.18, or -7.89% from the previous closing price of $2.28. The stock has traded between $2.03 and $2.26 so far today. Volume today is below average. So far 189,845 shares have traded compared to average volume of 301,250 shares.

To screen for more stocks like IMPAC Mortgage Holdings, Inc click here.

More About IMPAC Mortgage Holdings, Inc

Impac Mortgage Holdings Inc is an independent residential mortgage lender. The company's segments include Mortgage Lending, Real Estate Services, and the Long-Term Mortgage Portfolio. The mortgage lending segment provides mortgage lending products through three lending channels, retail, wholesale, and correspondent, retains mortgage servicing rights, and provides warehouse lending facilities. Its Real estate services segment performs master servicing and provides loss mitigation services for securitized long-term mortgage portfolios, and Long-term mortgage portfolio consists of residual interests in securitization trusts.

Click Here to get the full Stock Score Report on IMPAC Mortgage Holdings, Inc (IMH) Stock.

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