Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. AGNC Investment Corp. shares valued at $2,819,760 were sold by Kain Gary D on Feb 11. At $14.10 per share, Kain Gary D sold 200,000 shares. The insider’s holdings dropped to 667,920 shares worth approximately $8.22 million following the completion of this transaction.
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Also, Kain Gary D sold 400,000 shares, netting a total of over 5,639,520 in proceeds. Following the sale of shares at $14.10 each, the insider now holds 2,066,178 shares.
Before that, Kain Gary D had sold 4,080 shares from its account. In a trade valued at $66,312, the Director and Executive Chair traded AGNC Investment Corp. shares for $16.25 each. Upon closing the transaction, the insider’s holdings decreased to 4,080 shares, worth approximately $10.68 million.
As published in a research note from Keefe Bruyette on June 09, 2022, AGNC Investment Corp. [AGNC] has been rated up from a Mkt perform to an Outperform and the price target has been revised to $13.25 from $12.25. This represents a 7.09% premium over Thursday’s closing price. Analysts at Piper Sandler upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in early May. As of April 25, 2022, JP Morgan has decreased its “an Overweight” rating to a “Neutral” for AGNC. Earlier on February 14, 2022, BofA Securities downgraded its rating. Their new recommendation was “a Neutral” for AGNC stock which previously was a “a Buy”.
Analyzing AGNC’s Price Performance
On Thursday, AGNC Investment Corp. [NASDAQ: AGNC] plunged -0.57% to $12.31. The stock’s lowest price that day was $12.20, but it reached a high of $12.40 in the same session. During the last five days, there has been a drop of approximately -2.07%. Over the course of the year, AGNC Investment Corp. shares have dropped approximately -18.15%. Shares of the company reached a 52-week high of $15.66 on 01/04/22 and a 52-week low of $9.99 on 06/16/22. A 50-day SMA is recorded $11.72, while a 200-day SMA reached $13.55. Nevertheless, trading volume fell to 8.83 million shares from 9.44 million shares the previous day.
Support And Resistance Levels for AGNC Investment Corp. (AGNC)
According to the 24-hour chart, there is a support level at 12.21, which, if violated, would cause prices to drop to 12.10. In the upper region, resistance lies at 12.41. The next price resistance is at 12.50. RSI (Relative Strength Index) is 56.93 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.06, which suggests the price will decrease in the coming days. Percent R is at 37.70%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is AGNC Investment Corp. subject to short interest?
Stocks of AGNC Investment Corp. saw a sharp steep in short interest on Jul 14, 2022 dropping by -3.45 million shares to 15.27 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 18.72 million shares. A decline of -22.59% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.3 of the overall float, the days-to-cover ratio (short ratio) decline to 1.3.
Which companies own the most shares of AGNC Investment Corp. (AGNC)?
According to The Vanguard Group, Inc. filings, the company currently owns 46,573,495 shares, which is about 8.90% of the total AGNC shares outstanding. The investor’s shares have appreciated by 258,415 from its previous 13-F filing of 46315080.0 shares. With the completion of the sale transaction, BlackRock Fund Advisors’s stake is now worth $314,031,646. SSgA Funds Management, Inc. reduced a -2.58% interest valued at $172.81 million while Geode Capital Management LLC sold a -897,348 stake. A total of 1,386,312 shares of AGNC Investment Corp. were sold by Macquarie Investment Management B during the quarter, and 44,960 were bought by Norges Bank Investment Management. In its current portfolio, Northern Trust Investments, Inc. holds 4,705,963 shares valued at $52.1 million.
In terms of AGNC Investment Corp. share price expectations, FactSet research, analysts set an average price target of $12.41 in the next 12 months, up nearly 0.97% from the previous closing price of $12.38. Analysts anticipate AGNC Investment Corp. stock to reach $13.00 by 2022, with the lowest price target being $12.00. In spite of this, 13 analysts ranked AGNC Investment Corp. stock as an Overweight at the end of 2022.