PMT - Shares of PennyMac Mortgage Investment Trust of Beneficial Interest (PMT) Have Risen Above Previous 52-Week High

Shares of PennyMac Mortgage Investment Trust of Beneficial Interest (NYSE:PMT) traded at a new 52-week high today of $21.11. So far today approximately 904,000 shares have been exchanged, as compared to an average 30-day volume of 816,000 shares.

PennyMac Mortgage Investment Trust is a specialty finance company that invests primarily in residential mortgage loans and mortgage-related assets. The company's operations include activities such as production and servicing of financial securities based on residential loans and pooling and reselling of high-credit-quality mortgages. The company operates through four segments: correspondent production, credit-sensitive strategies, interest-rate-sensitive strategies, and corporate activities. The correspondent production segment, which generates income via purchasing, pooling, and reselling of loans or mortgage-backed securities accounts for roughly half of the company's income.

Over the past year, PennyMac Mortgage Investment Trust of Beneficial Interest has traded in a range of $13.82 to $21.11 and is now at $20.43, 48% above that low.

PennyMac Mortgage Investment Trust of Beneficial Interest (NYSE:PMT) is currently priced 96.6% above its average consensus analyst price target of $0.69.

Receive IBN Spotlights - "Bite Size" Small, Mid and Large-Cap Technical Indicator Alerts
To stay connected with our complimentary IBN Spotlights, please visit https://IBN.fm/connected

About InvestorBrandNetwork (IBN)
InvestorBrandNetwork (IBN) consists of 50+ trusted financial brands introduced to the investment public over the course of 15+ years. Through these brands, IBN provides (1) access to our Investor Press Release Wire Solutions via InvestorWire (IW) to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) enhanced press release solutions via IW to ensure maximum impact; (4) full-scale distribution to an enormous social media audience that includes millions of followers; and (5) a full array of corporate communications solutions focused on the IBN Podcast Series. With a proven track record serving 500+ client partners, IBN is the key to a more effective market communication campaign.

For more information, please visit https://www.InvestorBrandNetwork.com

Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://IBN.fm/Disclaimer