Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. AGNC Investment Corp shares valued at $605,800 were sold by Kuehl Christopher on Feb 15 ’24. At $9.32 per share, Kuehl Christopher sold 65,000 shares. The insider’s holdings dropped to 651,296 shares worth approximately $6.12 million following the completion of this transaction.
Also, Bell Bernice sold 10,000 shares, netting a total of over 98,500 in proceeds. Following the sale of shares at $9.85 each, the insider now holds 287,282 shares.
Before that, Kuehl Christopher had sold 65,000 shares from its account. In a trade valued at $552,500, the EVP, Chief Investment Officer traded AGNC Investment Corp shares for $8.50 each. Upon closing the transaction, the insider’s holdings decreased to 65,000 shares, worth approximately $6.21 million.
As published in their initiating research note from Compass Point on February 20, 2024, AGNC Investment Corp [AGNC] has been a Buy and the price target has been revised to $10.25. As of November 15, 2023, Barclays has initiated its “an Equal weight” rating for AGNC. Earlier on September 18, 2023, UBS upgraded its rating. Their new recommendation was “a Buy” for AGNC stock which previously was a “a Neutral”.
Analyzing AGNC Stock Performance
During the last five days, there has been a drop of approximately -2.69%. Over the course of the year, AGNC Investment Corp shares have dropped approximately -4.28%. Shares of the company reached a 52-week high of $10.19 on 01/12/24 and a 52-week low of $9.15 on 02/13/24. A 50-day SMA is recorded $9.59, while a 200-day SMA reached $9.47. Nevertheless, trading volume fell to 14.21 million shares from 7.64 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 9.26, which, if violated, would cause prices to drop to 9.12. In the upper region, resistance lies at 9.50. The next price resistance is at 9.61. RSI (Relative Strength Index) is 39.59 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.20, which suggests the price will decrease in the coming days. Percent R is at 77.37%, indicating bearish 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 rise in short interest on Mar 28, 2024 jumping by 3.7 million shares to 51.65 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 47.95 million shares. A jump of 7.16% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 4.99 of the overall float, the days-to-cover ratio (short ratio) jumped to 4.99.
