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Potential Price Increase for AGNC Investment Corp (AGNC) After Recent Insider Activity

AGNC Investment Corp’s recent filing unveils that its EVP, CFO Bell Bernice unloaded Company’s shares for reported $18900.0 on May 06 ’24. In the deal valued at $9.45 per share,2,000 shares were sold. As a result of this transaction, Bell Bernice now holds 307,973 shares worth roughly $2.94 million.

Then, Mullings Paul E sold 5,400 shares, generating $50,760 in total proceeds. Upon selling the shares at $9.40, the Director now owns 111,827 shares.

Before that, Bell Bernice sold 3,500 shares. AGNC Investment Corp shares valued at $32,620 were divested by the EVP, CFO at a price of $9.32 per share. As a result of the transaction, Bell Bernice now holds 309,973 shares, worth roughly $2.96 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 1.49% to $9.54. Over the last five days, the stock has gained 3.25%. AGNC Investment Corp shares have fallen nearly -2.75% since the year began. Nevertheless, the stocks have risen 3.14% 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 04/16/24. SMA at 50 days reached $9.52, while 200 days put it at $9.39. A total of 9.0 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 9.47, which if violated will result in even more drops to 9.41. On the upside, there is a resistance level at 9.57. A further resistance level may holdings at 9.61. The Relative Strength Index (RSI) on the 14-day chart is 56.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 0.00%. Stochastics %K at 88.35% indicates the stock is a selling.

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