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Recent Insider Activity Suggests Potential Gains for Annaly Capital Management Inc (NLY)

Annaly Capital Management Inc’s recently made public that its CEO and CIO Finkelstein David L unloaded Company’s shares for reported $0.95 million on Feb 12 ’24. In the deal valued at $19.03 per share,50,000 shares were sold. As a result of this transaction, Finkelstein David L now holds 662,469 shares worth roughly $12.65 million.

Then, Finkelstein David L sold 50,000 shares, generating $852,000 in total proceeds. Upon selling the shares at $17.04, the CEO and CIO now owns 545,259 shares.

Compass Point initiated its Annaly Capital Management Inc [NLY] rating to a Buy in a research note published on April 02, 2024; the price target was $22. UBS also remained covering NLY and has increased its forecast on September 18, 2023 with a “Buy” recommendation from previously “Neutral” rating. Piper Sandler revised its rating on May 02, 2023. It rated NLY as “an Overweight” which previously was an “a Neutral”.

Price Performance Review of NLY

On Monday, Annaly Capital Management Inc [NYSE:NLY] saw its stock jump 1.11% to $19.09. Over the last five days, the stock has gained 4.15%. Annaly Capital Management Inc shares have fallen nearly -1.45% since the year began. Nevertheless, the stocks have fallen -3.24% over the past one year. While a 52-week high of $21.07 was reached on 03/26/24, a 52-week low of $14.52 was recorded on 04/16/24. SMA at 50 days reached $19.09, while 200 days put it at $18.94. A total of 4.27 million shares were traded, compared to the trading of 2.96 million shares in the previous session.

Levels Of Support And Resistance For NLY Stock

The 24-hour chart illustrates a support level at 18.93, which if violated will result in even more drops to 18.77. On the upside, there is a resistance level at 19.24. A further resistance level may holdings at 19.39. The Relative Strength Index (RSI) on the 14-day chart is 55.61, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.48, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 8.97%. Stochastics %K at 72.12% indicates the stock is a holding.

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