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PennyMac Mortgage Investment Trust T.PMT


Primary Symbol: PMT Alternate Symbol(s):  PMT.PR.A | PMT.PR.B | PMT.PR.C | PMTU

PennyMac Mortgage Investment Trust is a specialty finance company. The Company invests primarily in mortgage-related assets. The Company conducts all its operations, and makes investments, through PennyMac Operating Partnership, L.P. and its subsidiaries. The Company's segments include credit sensitive strategies, interest rate sensitive strategies, correspondent production, and corporate. The credit sensitive strategies segment represents its investments in credit risk transfer (CRT) arrangements, subordinate mortgage-backed securities (MBS), distressed loans, and real estate. The interest rate sensitive strategies segment represents its investments in MSRs, excess servicing spread (ESS) purchased from PFSI, Agency and senior non-Agency MBS and the related interest rate hedging activities. The Correspondent Production segment serves as an intermediary between lenders and the capital markets by purchasing, pooling and reselling credit quality loans.


NYSE:PMT - Post by User

Comment by Hugo1947on Dec 22, 2022 9:19pm
454 Views
Post# 35188501

RE:Undervalued?

RE:Undervalued?I think no one wants to take a chance on it until the lawsuit is decided at the Supreme Court.
but something rather interesting has happen the last 2 days. if you look at the volume over the past couple of months it has averaged between 10K and 20K shares or less, on the 19th PMT traded 374K shares and on the 20th another 389K . this is totally out of character for the stock. Now I am not saying this is a turning point for the stock, but when you look at the chart over the past 3 and 6 months, this could amybr the double bottom we are looking for and someone and "friends know something is happenning with the lawsuit that may be a turning point for the stock. 
we will have to wait and see how much more large volumesgo through over the next week or so.
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