Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Annaly Capital Management Inc shares valued at $951,500 were sold by Finkelstein David L on Feb 12 ’24. At $19.03 per share, Finkelstein David L sold 50,000 shares. The insider’s holdings dropped to 662,469 shares worth approximately $12.31 million following the completion of this transaction.
Also, Finkelstein David L sold 50,000 shares, netting a total of over 852,000 in proceeds. Following the sale of shares at $17.04 each, the insider now holds 545,259 shares.
As published in their initiating research note from Compass Point on April 02, 2024, Annaly Capital Management Inc [NLY] has been a Buy and the price target has been revised to $22. As of September 18, 2023, UBS has increased its “Neutral” rating to a “Buy” for NLY. Earlier on May 02, 2023, Piper Sandler upgraded its rating. Their new recommendation was “an Overweight” for NLY stock which previously was a “a Neutral”.
Analyzing NLY Stock Performance
During the last five days, there has been a drop of approximately -3.28%. Over the course of the year, Annaly Capital Management Inc shares have dropped approximately -4.08%. Shares of the company reached a 52-week high of $20.18 on 03/26/24 and a 52-week low of $18.28 on 02/13/24. A 50-day SMA is recorded $19.22, while a 200-day SMA reached $19.03. Nevertheless, trading volume fell to 3.89 million shares from 1.85 million shares the previous day.
Support And Resistance Levels for Annaly Capital Management Inc (NLY)
According to the 24-hour chart, there is a support level at 18.39, which, if violated, would cause prices to drop to 18.20. In the upper region, resistance lies at 18.74. The next price resistance is at 18.91. RSI (Relative Strength Index) is 34.95 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.51, which suggests the price will decrease in the coming days. Percent R is at 86.49%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Annaly Capital Management Inc subject to short interest?
Stocks of Annaly Capital Management Inc saw a sharp rise in short interest on Mar 28, 2024 jumping by 2.52 million shares to 9.7 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 7.18 million shares. A jump of 25.98% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.68 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.68.
