logo
Plus   Neg
Share
Email

Stock Alert: AG Mortgage Surges 56%

Shares of AG Mortgage Investment Trust Inc. (MITT) are trading more than 56 percent higher in Monday's trading at $5.63. There has been no stock-specific news that could influence the stock.

The shares have traded in a range of $1.46 to $16.70 in the past 52 weeks.

U.S. stocks are higher on Monday with traders remaining optimistic about a quick economic recovery as businesses begin to reopen following the coronavirus lockdown.

Last week, AG Mortgage had announced the sale of mortgage loan for net proceeds of about $383 million, with the loans having an approximate unpaid principal balance of $465 million. The company said it used the fund to repay its debt and associated payables secured by the loans.

UMB Bank acted as legal title trustee for LVS Title Trust XIII, the purchaser of the loans.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
American Airlines has extended its offer to waive change fees for customers who purchase tickets for travel, until December 31, 2020 in response to lower travel demand due to the coronavirus pandemic. This means that the travelers need not pay penalties for changing the origin and destination cities. Transform SR Holding Management LLC is recalling about 19,900 units of 4-drawer chests, sold exclusively at Kmart stores, citing tip-over and entrapment risks for children, according to the U.S. Consumer Product Safety Commission. The recall involves chests with plastic drawer glides sold by Transform under the Essential Home brand. Amazon announced the extension of Project Zero, which protects and empowers brands to combat counterfeits, to seven new countries. The project is now available in Australia, Brazil, Netherlands, Saudi Arabia, Singapore, Turkey, and the UAE, along with ten other countries where Amazon has a store.
RELATED NEWS
Follow RTT