Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. ARMOUR Residential REIT Inc shares valued at $1,200,141 were sold by STATON DANIEL C on Dec 29 ’23. At $19.46 per share, STATON DANIEL C sold 61,682 shares. The insider’s holdings dropped to 10,500 shares worth approximately $0.19 million following the completion of this transaction.
Also, MOUNTAIN JAMES R sold 740 shares, netting a total of over 12,883 in proceeds. Following the sale of shares at $17.41 each, the insider now holds 19,502 shares.
As published in their initiating research note from UBS on December 06, 2023, ARMOUR Residential REIT Inc [ARR] has been a Neutral and the price target has been revised to $18.50. Analysts at B. Riley Securities resumed the stock at ‘”a Neutral”‘ outlook in a report released in late February. As of July 14, 2021, B. Riley Securities has initiated its “Neutral” rating for ARR. Earlier on February 18, 2021, Ladenburg Thalmann downgraded its rating. Their new recommendation was “a Neutral” for ARR stock which previously was a “a Buy”.
Analyzing ARR Stock Performance
During the last five days, there has been a drop of approximately -4.29%. Over the course of the year, ARMOUR Residential REIT Inc shares have dropped approximately -4.19%. Shares of the company reached a 52-week high of $20.33 on 01/29/24 and a 52-week low of $18.03 on 02/14/24. A 50-day SMA is recorded $19.18, while a 200-day SMA reached $20.61. Nevertheless, trading volume fell to 3.01 million shares from 0.7 million shares the previous day.
Support And Resistance Levels for ARMOUR Residential REIT Inc (ARR)
According to the 24-hour chart, there is a support level at 18.11, which, if violated, would cause prices to drop to 17.72. In the upper region, resistance lies at 19.14. The next price resistance is at 19.78. RSI (Relative Strength Index) is 39.34 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.11, which suggests the price will decrease in the coming days. Percent R is at 89.33%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is ARMOUR Residential REIT Inc subject to short interest?
Stocks of ARMOUR Residential REIT Inc saw a sharp steep in short interest on Mar 15, 2024 dropping by -0.48 million shares to 3.8 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 4.28 million shares. A decline of -12.63% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 3.25 of the overall float, the days-to-cover ratio (short ratio) decline to 3.25.
