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ARMOUR Residential REIT Inc [ARR] Investment Guide: What You Need to Know

ARMOUR Residential REIT Inc’s filing revealed that its Co-Chief Investment Officer Macauley Desmond acquired Company’s shares for reported $19020.0 on May 30 ’24. In the deal valued at $19.02 per share,1,000 shares were bought. As a result of this transaction, Macauley Desmond now holds 1,000 shares worth roughly $19680.0.

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Then, STATON DANIEL C sold 61,682 shares, generating $1,200,141 in total proceeds. Upon selling the shares at $19.46, the Chairman of the Board now owns 10,500 shares.

Before that, MOUNTAIN JAMES R sold 740 shares. ARMOUR Residential REIT Inc shares valued at $12,883 were divested by the Chief Financial Officer at a price of $17.41 per share. As a result of the transaction, MOUNTAIN JAMES R now holds 19,502 shares, worth roughly $0.38 million.

Janney initiated its ARMOUR Residential REIT Inc [ARR] rating to a Neutral in a research note published on June 06, 2024; the price target was $20. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in early December with a ‘”a Neutral”‘ rating. B. Riley Securities also remained covering ARR and reiterated its “Neutral” recommendation on February 22, 2022. B. Riley Securities started covering the stock on July 14, 2021. It rated ARR as “a Neutral”.

Price Performance Review of ARR

On Friday, ARMOUR Residential REIT Inc [NYSE:ARR] saw its stock jump 1.03% to $19.68. Over the last five days, the stock has gained 1.50%. ARMOUR Residential REIT Inc shares have risen nearly 1.86% since the year began. Nevertheless, the stocks have fallen -24.02% over the past one year. While a 52-week high of $26.90 was reached on 01/29/24, a 52-week low of $13.31 was recorded on 04/16/24. SMA at 50 days reached $19.18, while 200 days put it at $18.81. A total of 0.8 million shares were traded, compared to the trading of 0.7 million shares in the previous session.

Levels Of Support And Resistance For ARR Stock

The 24-hour chart illustrates a support level at 19.48, which if violated will result in even more drops to 19.28. On the upside, there is a resistance level at 19.78. A further resistance level may holdings at 19.88. The Relative Strength Index (RSI) on the 14-day chart is 57.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 2.74%. Stochastics%K at 77.90% indicates the stock is a holding.

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