Overall market sentiment has been high on IMPAC Mortgage Holdings, Inc (IMH) stock lately. IMH receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With IMH Stock Today?
IMPAC Mortgage Holdings, Inc (IMH) stock is trading at $1.73 as of 3:27 PM on Tuesday, Nov 24, a rise of $0.14, or 8.81% from the previous closing price of $1.59. The stock has traded between $1.58 and $1.74 so far today. Volume today is elevated. So far 500,445 shares have traded compared to average volume of 137,428 shares.
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. 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 portfolio, and Long-term mortgage portfolio consists of residual interests in securitization trusts.