The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. ARMOUR Residential REIT Inc shares valued at $198,570 were purchased by STATON DANIEL C on Oct 03 ’24. At $19.86 per share, STATON DANIEL C acquired 10,000 shares. The insider’s holdings grew to 24,040 shares worth approximately $0.46 million following the completion of this transaction.
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Also, Macauley Desmond purchased 1,000 shares, netting a total of over 19,020 in proceeds. Following the buying of shares at $19.02 each, the insider now holds 1,000 shares.
Before that, STATON DANIEL C had sold 61,682 shares from its account. In a trade valued at $1,200,141, the Chairman of the Board traded ARMOUR Residential REIT Inc shares for $19.46 each. Upon closing the transaction, the insider’s holdings decreased to 61,682 shares, worth approximately $0.2 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 -2.91%. Over the course of the year, ARMOUR Residential REIT Inc shares have dropped approximately -1.60%. 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 $20.11, while a 200-day SMA reached $19.58. Nevertheless, trading volume fell to 2.06 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 18.91, which, if violated, would cause prices to drop to 18.82. In the upper region, resistance lies at 19.13. The next price resistance is at 19.26. RSI (Relative Strength Index) is 32.53 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.61, which suggests the price will decrease in the coming days. Percent R is at 77.09%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
