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AGNC Investment Corp (AGNC) may enjoy gains as insiders got busy in the recent days

In a filing, AGNC Investment Corp revealed its Officer Bell Bernice acquired Company’s shares for reported $50358.0 on Aug 08 ’24. In the deal valued at $10.07 per share,5,000 shares were bought.

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Then, Bell Bernice sold 5,000 shares, generating $50,500 in total proceeds. Upon selling the shares at $10.10, the EVP, CFO now owns 303,182 shares.

Before that, Bell Bernice sold 5,000 shares. AGNC Investment Corp shares valued at $50,350 were divested by the EVP, CFO at a price of $10.07 per share. As a result of the transaction, Bell Bernice now holds 298,182 shares, worth roughly $2.88 million.

Wells Fargo upgraded its AGNC Investment Corp [AGNC] rating to an Overweight from a an Equal weight in a research note published on September 20, 2024; the price target was increased to $12 from $10. A number of analysts have revised their coverage, including Maxim Group’s analysts, who decreased its forecast for the stock in late July from “a Buy” to “a Hold”. Janney began covering AGNC with “Buy” recommendation on June 06, 2024. Compass Point started covering the stock on February 20, 2024. It rated AGNC as “a Buy”.

Price Performance Review of AGNC

On Friday, AGNC Investment Corp [NASDAQ:AGNC] saw its stock fall -1.02% to $9.66. Over the last five days, the stock has lost -0.41%. AGNC Investment Corp shares have fallen nearly -1.53% since the year began. Nevertheless, the stocks have risen 7.93% over the past one year. While a 52-week high of $10.85 was reached on 09/19/24, a 52-week low of $8.62 was recorded on 04/16/24. SMA at 50 days reached $9.96, while 200 days put it at $9.84.

Levels Of Support And Resistance For AGNC Stock

The 24-hour chart illustrates a support level at 9.63, which if violated will result in even more drops to 9.59. On the upside, there is a resistance level at 9.69. A further resistance level may holdings at 9.71. The Relative Strength Index (RSI) on the 14-day chart is 46.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 40.91%. Stochastics %K at 74.24% indicates the stock is a holding.

How much short interest is there in AGNC Investment Corp?

A steep rise in short interest was recorded in AGNC Investment Corp stocks on 2024-11-15, dropping by -3.35 million shares to a total of 42.25 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 45.6 million shares. There was a decline of -7.94%, which implies that there is a negative sentiment for the stock.

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