CIM Surges as It Breaks Above Key Moving Average

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On Thursday, Chimera Investment Corp (CIM) shares surged above their 200-day moving average of $14.19, trading as high as $14.32 per share, an increase of approximately 3.1%. The stock’s 52-week range includes a low of $9.85 and a high of $16.89, with the last trade recorded at $14.34.

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