ARMOUR Residential REIT Inc’s recent filing unveils that its Chairman of the Board STATON DANIEL C unloaded Company’s shares for reported $1.2 million on Dec 29 ’23. In the deal valued at $19.46 per share,61,682 shares were sold. As a result of this transaction, STATON DANIEL C now holds 10,500 shares worth roughly $0.2 million.
Then, MOUNTAIN JAMES R sold 740 shares, generating $12,883 in total proceeds. Upon selling the shares at $17.41, the Chief Financial Officer now owns 19,502 shares.
UBS initiated its ARMOUR Residential REIT Inc [ARR] rating to a Neutral in a research note published on December 06, 2023; the price target was $18.50. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who remained covering the stock and in late February has reiterated a ‘”a Neutral”‘ rating for it. B. Riley Securities began covering ARR with “Neutral” recommendation on July 14, 2021. Ladenburg Thalmann revised its rating on February 18, 2021. It rated ARR as “a Neutral” which previously was an “a Buy”.
Price Performance Review of ARR
On Friday, ARMOUR Residential REIT Inc [NYSE:ARR] saw its stock jump 0.83% to $19.45. Over the last five days, the stock has lost -1.62%. ARMOUR Residential REIT Inc shares have risen nearly 0.67% since the year began. Nevertheless, the stocks have fallen -26.47% over the past one year. While a 52-week high of $27.08 was reached on 01/29/24, a 52-week low of $13.31 was recorded on 02/14/24. SMA at 50 days reached $19.22, while 200 days put it at $20.71. A total of 0.71 million shares were traded, compared to the trading of 0.7 million shares in the previous session.
Levels Of Support And Resistance For ARR Stock
The 24-hour chart illustrates a support level at 19.22, which if violated will result in even more drops to 18.99. On the upside, there is a resistance level at 19.57. A further resistance level may holdings at 19.69. The Relative Strength Index (RSI) on the 14-day chart is 52.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 28.57%. Stochastics %K at 64.89% indicates the stock is a holding.
How much short interest is there in ARMOUR Residential REIT Inc?
A steep rise in short interest was recorded in ARMOUR Residential REIT Inc stocks on Mar 15, 2024, dropping by -0.48 million shares to a total of 3.8 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 4.28 million shares. There was a decline of -12.63%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 8.74% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.25.
