In a filing, AGNC Investment Corp revealed its EVP, Chief Investment Officer Kuehl Christopher unloaded Company’s shares for reported $0.61 million on Feb 15 ’24. In the deal valued at $9.32 per share,65,000 shares were sold. As a result of this transaction, Kuehl Christopher now holds 651,296 shares worth roughly $6.32 million.
Then, Bell Bernice sold 10,000 shares, generating $98,500 in total proceeds. Upon selling the shares at $9.85, the EVP, CFO now owns 287,282 shares.
Before that, Kuehl Christopher sold 65,000 shares. AGNC Investment Corp shares valued at $552,500 were divested by the EVP, Chief Investment Officer at a price of $8.50 per share. As a result of the transaction, Kuehl Christopher now holds 661,843 shares, worth roughly $6.42 million.
Compass Point initiated its AGNC Investment Corp [AGNC] rating to a Buy in a research note published on February 20, 2024; the price target was $10.25. Barclays began covering AGNC with “an Equal weight” recommendation on November 15, 2023. UBS revised its rating on September 18, 2023. It rated AGNC as “a Buy” which previously was an “a Neutral”.
Price Performance Review of AGNC
On Monday, AGNC Investment Corp [NASDAQ:AGNC] saw its stock jump 0.41% to $9.70. Over the last five days, the stock has lost -1.02%. AGNC Investment Corp shares have fallen nearly -1.12% since the year began. Nevertheless, the stocks have fallen -5.92% over the past one year. While a 52-week high of $10.64 was reached on 01/12/24, a 52-week low of $6.81 was recorded on 02/13/24. SMA at 50 days reached $9.61, while 200 days put it at $9.47. A total of 8.02 million shares were traded, compared to the trading of 9.36 million shares in the previous session.
Levels Of Support And Resistance For AGNC Stock
The 24-hour chart illustrates a support level at 9.64, which if violated will result in even more drops to 9.58. On the upside, there is a resistance level at 9.74. A further resistance level may holdings at 9.78. The Relative Strength Index (RSI) on the 14-day chart is 50.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 57.89%. Stochastics %K at 34.21% indicates the stock is a holding.
How much short interest is there in AGNC Investment Corp?
A steep rise in short interest was recorded in AGNC Investment Corp stocks on Mar 15, 2024, growing by 3.05 million shares to a total of 48.71 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 45.66 million shares. There was a rise of 6.26%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 7.03% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.64.
