Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Angel Oak Mortgage REIT Inc shares valued at $48,650 were purchased by MINAMI W D on Nov 08 ’24. At $9.73 per share, MINAMI W D acquired 5,000 shares. The insider’s holdings grew to 45,259 shares worth approximately $0.44 million following the completion of this transaction.
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Also, DAVIDSON KEMPNER CAPITAL MANAG sold 500,000 shares, netting a total of over 5,000,500 in proceeds. Following the sale of shares at $10.00 each, the insider now holds 5,181,869 shares.
Before that, Filson Brandon had sold 22,894 shares from its account. In a trade valued at $252,285, the CFO & Treasurer traded Angel Oak Mortgage REIT Inc shares for $11.02 each. Upon closing the transaction, the insider’s holdings decreased to 22,894 shares, worth approximately $0.73 million.
As published in their initiating research note from BTIG Research on July 31, 2024, Angel Oak Mortgage REIT Inc [AOMR] has been a Buy and the price target has been revised to $13.50. As of December 05, 2022, BofA Securities has decreased its “Buy” rating to a “an Underperform” for AOMR. Earlier on November 21, 2022, B. Riley Securities downgraded its rating. Their new recommendation was “a Neutral” for AOMR stock which previously was a “a Buy”.
Analyzing AOMR Stock Performance
During the last five days, there has been a surge of approximately 4.00%. Over the course of the year, Angel Oak Mortgage REIT Inc shares have dropped approximately -9.25%. Shares of the company reached a 52-week high of $13.31 on 07/01/24 and a 52-week low of $8.88 on 11/04/24. A 50-day SMA is recorded $9.79, while a 200-day SMA reached $11.03. Nevertheless, trading volume fell to 50611.0 shares from 49800.0 shares the previous day.
Support And Resistance Levels for Angel Oak Mortgage REIT Inc (AOMR)
According to the 24-hour chart, there is a support level at 9.57, which, if violated, would cause prices to drop to 9.52. In the upper region, resistance lies at 9.72. The next price resistance is at 9.82. RSI (Relative Strength Index) is 49.39 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.07, which suggests the price will decrease in the coming days. Percent R is at 52.69%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
