Shares of Invesco Mortgage Capital Inc.
shed 4.00% to $3.84 Thursday, on what proved to be an all-around grim trading session for the stock market, with the NASDAQ Composite Index
falling 2.11% to 12,723.47 and Dow Jones Industrial Average
falling 1.11% to 30,924.14. The stock’s fall snapped a four-day winning streak. Invesco Mortgage Capital Inc. closed $13.45 short of its 52-week high ($17.29), which the company achieved on March 5th.
The stock underperformed when compared to some of its competitors Thursday, as PennyMac Mortgage Investment Trust
fell 0.74% to $18.66, MFA Financial Inc.
fell 1.96% to $4.00, and New York Mortgage Trust Inc.
fell 1.74% to $4.23. Trading volume (12.9 M) eclipsed its 50-day average volume of 9.7 M.