Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Annaly Capital Management Inc shares valued at $962,500 were sold by Finkelstein David L on Oct 28 ’24. At $19.25 per share, Finkelstein David L sold 50,000 shares. The insider’s holdings dropped to 562,469 shares worth approximately $10.56 million following the completion of this transaction.
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Also, Finkelstein David L 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 612,469 shares.
Before that, Green Anthony C had sold 50,000 shares from its account. In a trade valued at $1,002,500, the Chief Corporate Officer, CLO traded Annaly Capital Management Inc shares for $20.05 each. Upon closing the transaction, the insider’s holdings decreased to 50,000 shares, worth approximately $2.51 million.
As published in a research note from Argus on October 31, 2024, Annaly Capital Management Inc [NLY] has been rated up from a Hold to a Buy and the price target has been revised to $21. Analysts at Wells Fargo upgraded the stock from ‘”an Equal weight”‘ to ‘”an Overweight”‘ outlook in a report released in mid September. As of June 06, 2024, Janney has initiated its “Buy” rating for NLY. Earlier on April 02, 2024, Compass Point initiated its rating. Their recommendation was “a Buy” for NLY stock.
Analyzing NLY Stock Performance
During the last five days, there has been a drop of approximately -5.01%. Over the course of the year, Annaly Capital Management Inc shares have dropped approximately -3.10%. 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 $19.62, while a 200-day SMA reached $19.69. Nevertheless, trading volume fell to 8.26 million shares from 7.48 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 18.61, which, if violated, would cause prices to drop to 18.45. In the upper region, resistance lies at 19.09. The next price resistance is at 19.41. RSI (Relative Strength Index) is 28.78 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.58, which suggests the price will decrease in the coming days. Percent R is at 100.00%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
