Strength Seen in New York Mortgage Trust (NYMT): Can Its 5.2% Jump Turn into More Strength?
New York Mortgage Trust (NYMT) shares soared 5.2% in the last trading session to close at $5.66. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 19.2% loss over the past four weeks.New York Mortgage Trust’s surge in its stock price follows the broader market rally driven by the optimism surrounding Trump’s announcement on April 9, 2025, of a 90-day pause on reciprocal tariffs for most trading partners, excluding China. The tariff ...