Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. AGNC Investment Corp shares valued at $50,358 were purchased by Bell Bernice on Aug 08 ’24. At $10.07 per share, Bell Bernice acquired 5,000 shares.
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Also, Bell Bernice sold 5,000 shares, netting a total of over 50,500 in proceeds. Following the sale of shares at $10.10 each, the insider now holds 303,182 shares.
Before that, Bell Bernice had sold 5,000 shares from its account. In a trade valued at $50,350, the EVP, CFO traded AGNC Investment Corp shares for $10.07 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $3.07 million.
As published in a research note from Wells Fargo on September 20, 2024, AGNC Investment Corp [AGNC] has been rated up from an Equal weight to an Overweight and the price target has been revised to $12 from $10. Analysts at Maxim Group downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in late July. As of June 06, 2024, Janney has initiated its “Buy” rating for AGNC. Earlier on February 20, 2024, Compass Point initiated its rating. Their recommendation was “a Buy” for AGNC stock.
Analyzing AGNC Stock Performance
Over the course of the year, AGNC Investment Corp shares have jumped approximately 4.99%. Shares of the company reached a 52-week high of $10.85 on 09/19/24 and a 52-week low of $8.92 on 04/16/24. A 50-day SMA is recorded $10.23, while a 200-day SMA reached $9.82. Nevertheless, trading volume fell to 9.73 million shares from 15.8 million shares the previous day.
Support And Resistance Levels for AGNC Investment Corp (AGNC)
According to the 24-hour chart, there is a support level at 10.27, which, if violated, would cause prices to drop to 10.23. In the upper region, resistance lies at 10.35. The next price resistance is at 10.39. RSI (Relative Strength Index) is 49.11 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.11, which suggests the price will decrease in the coming days. Percent R is at 68.52%, indicating low price movement. Stochastics %K at buying indicates that the stock is to be held.
