Annaly Capital Management Inc’s filing revealed that its CEO and CIO Finkelstein David L unloaded Company’s shares for reported $1.0 million on Aug 16 ’24. In the deal valued at $20.05 per share,50,000 shares were sold. As a result of this transaction, Finkelstein David L now holds 612,469 shares worth roughly $12.16 million.
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Then, Green Anthony C sold 50,000 shares, generating $1,002,500 in total proceeds. Upon selling the shares at $20.05, the Chief Corporate Officer, CLO now owns 133,828 shares.
Before that, Anthony Green bought 50,000 shares. Annaly Capital Management Inc shares valued at $998,000 were divested by the Officer at a price of $19.96 per share.
Wells Fargo upgraded its Annaly Capital Management Inc [NLY] rating to an Overweight from a an Equal weight in a research note published on September 20, 2024; the price target was increased to $23 from $19. A number of analysts have revised their coverage, including Janney’s analysts, who began to cover the stock in early June with a ‘”a Buy”‘ rating. Compass Point began covering NLY with “Buy” recommendation on April 02, 2024.
Price Performance Review of NLY
On Monday, Annaly Capital Management Inc [NYSE:NLY] saw its stock fall -2.07% to $19.86. Over the last five days, the stock has gained 0.46%. Annaly Capital Management Inc shares have risen nearly 2.53% since the year began. Nevertheless, the stocks have risen 21.54% over the past one year. While a 52-week high of $21.11 was reached on 09/19/24, a 52-week low of $14.52 was recorded on 04/16/24. SMA at 50 days reached $20.11, while 200 days put it at $19.61.
Levels Of Support And Resistance For NLY Stock
The 24-hour chart illustrates a support level at 19.71, which if violated will result in even more drops to 19.56. On the upside, there is a resistance level at 20.15. A further resistance level may holdings at 20.44. The Relative Strength Index (RSI) on the 14-day chart is 46.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 46.36%. Stochastics %K at 79.69% indicates the stock is a holding.
How much short interest is there in Annaly Capital Management Inc?
A steep rise in short interest was recorded in Annaly Capital Management Inc stocks on 2024-09-30, growing by 0.65 million shares to a total of 8.56 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 7.9 million shares. There was a rise of 7.65%, which implies that there is a positive sentiment for the stock.
