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Chimera Investment (CIM) Surges: Stock Moves 9.4% Higher

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Chimera Investment Corporation CIM was a big mover last session, as the company saw its shares rise more than 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company, as the stock is now down 65.2% in the past one-month time frame.

The company has seen one positive estimate revision in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few months, suggesting that more solid trading could be ahead for Chimera Investment. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

Chimera Investment currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.00%.

A better-ranked stock in the REIT and Equity Trust industry is ARMOUR Residential REIT, Inc. ARR, holding a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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