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. Angel Oak Mortgage REIT Inc shares valued at $45,482 were purchased by Morgan Jonathan on Dec 18 ’24. At $9.10 per share, Morgan Jonathan acquired 5,000 shares. The insider’s holdings grew to 38,059 shares worth approximately $0.37 million following the completion of this transaction.
Also, MINAMI W D purchased 5,000 shares, netting a total of over 48,650 in proceeds. Following the buying of shares at $9.73 each, the insider now holds 45,259 shares.
Before that, DAVIDSON KEMPNER CAPITAL MANAG had sold 500,000 shares from its account. In a trade valued at $5,000,500, the 10% Owner traded Angel Oak Mortgage REIT Inc shares for $10.00 each. Upon closing the transaction, the insider’s holdings decreased to 500,000 shares, worth approximately $50.73 million.
As published in their initiating research note from Janney on January 02, 2025, Angel Oak Mortgage REIT Inc [AOMR] has been a Buy and the price target has been revised to $13. Analysts at BTIG Research started covering the stock with ‘”a Buy”‘ outlook in a report released in late July. Earlier on December 05, 2022, BofA Securities downgraded its rating. Their new recommendation was “an Underperform” 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 5.50%. Over the course of the year, Angel Oak Mortgage REIT Inc shares have jumped approximately 5.50%. Shares of the company reached a 52-week high of $10.16 on 01/06/25 and a 52-week low of $9.27 on 01/02/25. A 50-day SMA is recorded $9.46, while a 200-day SMA reached $10.89. Nevertheless, trading volume fell to 69858.0 shares from 0.11 million 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 9.60, which, if violated, would cause prices to drop to 9.41. In the upper region, resistance lies at 9.93. The next price resistance is at 10.08. RSI (Relative Strength Index) is 59.26 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.42, which suggests the price will decrease in the coming days. Percent R is at 30.50%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
