Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Annaly Capital Management Inc shares valued at $1,002,500 were sold by Finkelstein David L on Aug 16 ’24. At $20.05 per share, Finkelstein David L sold 50,000 shares. The insider’s holdings dropped to 612,469 shares worth approximately $12.34 million following the completion of this transaction.
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Also, Green Anthony C sold 50,000 shares, netting a total of over 1,002,500 in proceeds. Following the sale of shares at $20.05 each, the insider now holds 133,828 shares.
Before that, Anthony Green had added 50,000 shares to its account. In a trade valued at $998,000, the Officer bought Annaly Capital Management Inc shares for $19.96 each.
As published in a research note from Wells Fargo on September 20, 2024, Annaly Capital Management Inc [NLY] has been rated up from an Equal weight to an Overweight and the price target has been revised to $23 from $19. Analysts at Janney started covering the stock with ‘”a Buy”‘ outlook in a report released in early June. As of April 02, 2024, Compass Point has initiated its “Buy” rating for NLY.
Analyzing NLY Stock Performance
During the last five days, there has been a surge of approximately 1.66%. Over the course of the year, Annaly Capital Management Inc shares have jumped approximately 4.03%. Shares of the company reached a 52-week high of $21.11 on 09/19/24 and a 52-week low of $17.67 on 04/16/24. A 50-day SMA is recorded $20.11, while a 200-day SMA reached $19.59. Nevertheless, trading volume fell to 3.34 million shares from 3.66 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 20.09, which, if violated, would cause prices to drop to 20.04. In the upper region, resistance lies at 20.21. The next price resistance is at 20.27. RSI (Relative Strength Index) is 53.26 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.32, which suggests the price will decrease in the coming days. Percent R is at 6.38%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
