Should You Buy IMPAC Mortgage Holdings, Inc (IMH) Stock on Wednesday?

Wednesday, March 22, 2023 03:32 PM | InvestorsObserver Analysts

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Should You Buy IMPAC Mortgage Holdings, Inc (IMH) Stock on Wednesday?

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

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!

See Full IMH Report

What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. 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 down -15.74% while the S&P 500 has gained 0.05% as of 3:16 PM on Wednesday, Mar 22. IMH is lower by -$0.06 from the previous closing price of $0.38 on volume of 157,759 shares. Over the past year the S&P 500 is lower by -10.22% while IMH is lower by -60.49%. IMH lost -$1.19 per share in the over the last 12 months. To see InvestorsObserver's Sentiment Score for 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 Report for IMPAC Mortgage Holdings, Inc stock.