Angel Oak Mortgage REIT Inc’s filing revealed that its CFO & Treasurer Filson Brandon unloaded Company’s shares for reported $0.25 million on Sep 05 ’24. In the deal valued at $11.02 per share,22,894 shares were sold. As a result of this transaction, Filson Brandon now holds 75,818 shares worth roughly $0.8 million.
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Then, Filson Brandon sold 3,084 shares, generating $34,447 in total proceeds. Upon selling the shares at $11.17, the CFO & Treasurer now owns 98,712 shares.
Before that, Filson Brandon sold 677 shares. Angel Oak Mortgage REIT Inc shares valued at $7,603 were divested by the CFO & Treasurer at a price of $11.23 per share. As a result of the transaction, Filson Brandon now holds 101,796 shares, worth roughly $1.07 million.
BTIG Research initiated its Angel Oak Mortgage REIT Inc [AOMR] rating to a Buy in a research note published on July 31, 2024; the price target was $13.50. BofA Securities also remained covering AOMR and has decreased its forecast on December 05, 2022 with a “an Underperform” recommendation from previously “Buy” rating. B. Riley Securities revised its rating on November 21, 2022. It rated AOMR as “a Neutral” which previously was an “a Buy”.
Price Performance Review of AOMR
On Tuesday, Angel Oak Mortgage REIT Inc [NYSE:AOMR] saw its stock jump 1.15% to $10.52. Over the last five days, the stock has gained 0.86%. Angel Oak Mortgage REIT Inc shares have fallen nearly -0.75% since the year began. Nevertheless, the stocks have risen 17.53% over the past one year. While a 52-week high of $13.31 was reached on 07/01/24, a 52-week low of $7.40 was recorded on 03/05/24. SMA at 50 days reached $11.69, while 200 days put it at $11.25.
Levels Of Support And Resistance For AOMR Stock
The 24-hour chart illustrates a support level at 10.12, which if violated will result in even more drops to 9.72. On the upside, there is a resistance level at 10.80. A further resistance level may holdings at 11.08. The Relative Strength Index (RSI) on the 14-day chart is 35.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.56%. Stochastics %K at 22.42% indicates the stock is a holding.
How much short interest is there in Angel Oak Mortgage REIT Inc?
A steep rise in short interest was recorded in Angel Oak Mortgage REIT Inc stocks on 2024-08-30, dropping by -0.19 million shares to a total of 0.11 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 0.3 million shares. There was a decline of -174.86%, which implies that there is a negative sentiment for the stock.
