Thursday’s Midday Stock Update: ARMOUR Residential REIT (ARR), Chimera Investment (CIM), TG Therapeutics (TGTX), Main Street Capital (MAIN), Valero Energy (VLO)

By Carrie Williams

So far Thursday, March 26, NASDAQ is up 5.68% and the S&P is up 6.32%. Here are this morning’s most active stocks: ARMOUR Residential REIT (ARRResearch Report), Chimera Investment (CIMResearch Report), TG Therapeutics (TGTXResearch Report), Main Street Capital (MAINResearch Report) and Valero Energy (VLOResearch Report).

ARMOUR Residential REIT is up 32.23% in midday trading to $11.94. Shares opened today at $9.03. The company has a 52-week low of $4.95 and a 52-week high of $21.15. On the Street’s front, the average 12-month analyst price target for the stock is $19.75, marking a 118.72% potential upside from current levels. In a report issued on February 21, Barclays analyst Mark Devries maintained a Sell rating on ARR, with a price target of $19.00, which implies an upside of 110% from current levels. Separately, on February 20, Nomura’s Matthew Howlett maintained a Hold rating on the stock and has a price target of $20.00. In the last 30 days, insiders have sold $252.5K worth of ARR shares and purchased $332.2K worth of ARR shares. Over the last 3 months, the insider sentiment on ARMOUR Residential REIT has been positive based on 51 corporate insider transactions. This sentiment is slightly higher than the average sector sentiment of insiders.

Chimera Investment is up 22.63% in midday trading to $12.57. Shares opened today at $10.25. The company has a 52-week low of $6.42 and a 52-week high of $22.99. On the Street’s front, the average 12-month analyst price target for the stock is $21.50, marking a 109.76% potential upside from current levels. In a report issued on February 24, RBC analyst Kenneth Lee maintained a Buy rating on CIM, with a price target of $23.00, which implies an upside of 124% from current levels. Separately, on February 13, Barclays’ Mark Devries maintained a Hold rating on the stock and has a price target of $20.00. In the last 30 days, insiders purchased $4.89M worth of CIM shares.

TG Therapeutics is up 13.12% in midday trading to $11.21. Shares opened today at $9.91. The company has a 52-week low of $4.95 and a 52-week high of $16.22. On the Street’s front, the average 12-month analyst price target for the stock is $24.50, marking a 147.23% potential upside from current levels. In a report issued on March 13, B.Riley FBR analyst Mayank Mamtani maintained a Buy rating on TGTX, with a price target of $25.00, which implies an upside of 152% from current levels.

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Main Street Capital is up 12.91% in midday trading to $24.32. Shares opened today at $21.54. The company has a 52-week low of $14.11 and a 52-week high of $45.10. On the Street’s front, the average 12-month analyst price target for the stock is $42.00, marking a 94.99% potential upside from current levels. In a report issued on March 17, National Securities analyst Bryce Rowe upgraded MAIN to Buy. In the last 30 days, insiders purchased $334.5K worth of MAIN shares. Over the last 3 months, the insider sentiment on Main Street Capital has been positive based on 288 corporate insider transactions. This sentiment is slightly higher than the average sector sentiment of insiders.

Valero Energy is up 11.49% in midday trading to $45.64. Shares opened today at $40.94. The company has a 52-week low of $31.00 and a 52-week high of $101.99. On the Street’s front, the average 12-month analyst price target for the stock is $86.25, marking a 110.67% potential upside from current levels. In a report released today, Jefferies Co. analyst Christopher Sighinolfi upgraded VLO to Buy, with a price target of $52.00, which represents a potential upside of 27% from where the stock is currently trading. Separately, on February 28, Piper Sandler’s Blake Fernandez downgraded the stock to Hold and has a price target of $97.00. In the last 30 days, insiders purchased $2.19M worth of VLO shares. Over the last 3 months, the insider sentiment on Valero Energy has been positive based on 52 corporate insider transactions. This sentiment is higher than the average sector sentiment of insiders.

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