KD Logo

Annaly Capital Management Inc [NLY] Shares Fall Approximately -4.00% Over the Year

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. 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 $12.57 million following the completion of this transaction.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

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 Janney on June 06, 2024, Annaly Capital Management Inc [NLY] has been a Buy and the price target has been revised to $21. Analysts at Compass Point started covering the stock with ‘”a Buy”‘ outlook in a report released in early April. Earlier on September 18, 2023, UBS upgraded its rating. Their new recommendation was “a Buy” 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 -4.77%. Over the course of the year, Annaly Capital Management Inc shares have dropped approximately -2.07%. Shares of the company reached a 52-week high of $20.53 on 05/15/24 and a 52-week low of $17.67 on 04/16/24. A 50-day SMA is recorded $19.61, while a 200-day SMA reached $18.89. Nevertheless, trading volume fell to 2.51 million shares from 3.56 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 18.85, which, if violated, would cause prices to drop to 18.74. In the upper region, resistance lies at 19.07. The next price resistance is at 19.19. RSI (Relative Strength Index) is 38.28 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.84, which suggests the price will decrease in the coming days. Percent R is at 76.65%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Most Popular