Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. ARMOUR Residential REIT Inc shares valued at $19,020 were purchased by Macauley Desmond on May 30 ’24. At $19.02 per share, Macauley Desmond acquired 1,000 shares. The insider’s holdings grew to 1,000 shares worth approximately $19950.0 following the completion of this transaction.
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Also, STATON DANIEL C sold 61,682 shares, netting a total of over 1,200,141 in proceeds. Following the sale of shares at $19.46 each, the insider now holds 10,500 shares.
Before that, MOUNTAIN JAMES R had sold 740 shares from its account. In a trade valued at $12,883, the Chief Financial Officer traded ARMOUR Residential REIT Inc shares for $17.41 each. Upon closing the transaction, the insider’s holdings decreased to 740 shares, worth approximately $0.39 million.
As published in their initiating research note from Janney on June 06, 2024, ARMOUR Residential REIT Inc [ARR] has been a Neutral and the price target has been revised to $20. Analysts at UBS started covering the stock with ‘”a Neutral”‘ outlook in a report released in early December. As of February 22, 2022, B. Riley Securities has reiterated its “Neutral” rating for ARR. Earlier on July 14, 2021, B. Riley Securities initiated its rating. Their recommendation was “a Neutral” for ARR stock.
Analyzing ARR Stock Performance
During the last five days, there has been a drop of approximately -1.38%. Over the course of the year, ARMOUR Residential REIT Inc shares have jumped approximately 3.26%. Shares of the company reached a 52-week high of $21.93 on 07/17/24 and a 52-week low of $17.35 on 04/16/24. A 50-day SMA is recorded $20.32, while a 200-day SMA reached $19.55. Nevertheless, trading volume fell to 1.09 million shares from 0.7 million shares the previous day.
Support And Resistance Levels for ARMOUR Residential REIT Inc (ARR)
According to the 24-hour chart, there is a support level at 19.87, which, if violated, would cause prices to drop to 19.79. In the upper region, resistance lies at 20.04. The next price resistance is at 20.13. RSI (Relative Strength Index) is 40.69 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.37, which suggests the price will decrease in the coming days. Percent R is at 92.59%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
