In a filing, Annaly Capital Management Inc revealed its CEO and CIO Finkelstein David L unloaded Company’s shares for reported $0.96 million on Oct 28 ’24. In the deal valued at $19.25 per share,50,000 shares were sold. As a result of this transaction, Finkelstein David L now holds 562,469 shares worth roughly $10.96 million.
Then, Finkelstein David L sold 50,000 shares, generating $1,002,500 in total proceeds. Upon selling the shares at $20.05, the CEO and CIO now owns 612,469 shares.
Before that, Green Anthony C sold 50,000 shares. Annaly Capital Management Inc shares valued at $1,002,500 were divested by the Chief Corporate Officer, CLO at a price of $20.05 per share. As a result of the transaction, Green Anthony C now holds 133,828 shares, worth roughly $2.61 million.
Barclays initiated its Annaly Capital Management Inc [NLY] rating to an Equal weight in a research note published on January 06, 2025; the price target was $19. A number of analysts have revised their coverage, including Argus’s analysts, who increased its forecast for the stock in late October from “a Hold” to “a Buy”. Wells Fargo also remained covering NLY and has increased its forecast on September 20, 2024 with a “an Overweight” recommendation from previously “an Equal weight” rating. Janney started covering the stock on June 06, 2024. It rated NLY as “a Buy”.
Price Performance Review of NLY
On Friday, Annaly Capital Management Inc [NYSE:NLY] saw its stock jump 0.67% to $19.48. Over the last five days, the stock has gained 1.67%. Annaly Capital Management Inc shares have risen nearly 6.45% since the year began. Nevertheless, the stocks have risen 0.52% over the past one year. While a 52-week high of $21.11 was reached on 01/24/25, a 52-week low of $17.67 was recorded on 01/13/25. SMA at 50 days reached $19.31, while 200 days put it at $19.61.
Levels Of Support And Resistance For NLY Stock
The 24-hour chart illustrates a support level at 19.35, which if violated will result in even more drops to 19.22. On the upside, there is a resistance level at 19.58. A further resistance level may holdings at 19.68. The Relative Strength Index (RSI) on the 14-day chart is 58.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.50, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 3.91%. Stochastics %K at 91.92% indicates the stock is a selling.
How much short interest is there in Annaly Capital Management Inc?
A steep rise in short interest was recorded in Annaly Capital Management Inc stocks on 2024-12-31, growing by 8.68 million shares to a total of 19.56 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 10.88 million shares. There was a rise of 44.37%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on April 02, 2024 when Compass Point began covering the stock and recommended ‘”a Buy”‘ rating along with a $22 price target.
