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Why is Pennymac Mortgage Investment Trust (PMT) Stock down?

We've noticed a 8.16% decline in Pennymac Mortgage Investment Trust (PMT) stock during the 2024-05-21 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
28 Jul, 2023:

Shares of PennyMac Mortgage Investment Tr fell 8.88% due to weak quarterly results, failing to meet Wall Street's expectations. PennyMac Mortgage outperformed expectations in terms of net loan servicing fees with $108.32 million vs $82.35 million estimate, but fell short in net gains (losses) on loans acquired for sale (gaining $4.45 million vs the estimate of $10 million) and net gain (loss) on investments and financings (losing $2.50 million vs estimate gain of $25.50 million).

https://www.zacks.com/stock/news/2129155/compared-to-estimates-pennymac-mortgage-pmt-q2-earnings-a-look-at-key-metrics

reit_mortgage TWO
$12.70
price down icon 0.32%
reit_mortgage RC
$8.52
price up icon 0.00%
$11.30
price down icon 0.62%
reit_mortgage ARI
$10.49
price down icon 0.14%
reit_mortgage ABR
$13.59
price down icon 1.45%
$17.77
price down icon 0.70%
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