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 $1,030,000 were sold by Finkelstein David L on Feb 10 ’25. At $20.60 per share, Finkelstein David L sold 50,000 shares. The insider’s holdings dropped to 677,465 shares worth approximately $14.18 million following the completion of this transaction.
Also, David L. Finkelstein purchased 100,000 shares, netting a total of over 2,062,000 in proceeds.
Before that, Finkelstein David L had sold 50,000 shares from its account. In a trade valued at $962,500, the CEO and CIO traded Annaly Capital Management Inc shares for $19.25 each. Upon closing the transaction, the insider’s holdings decreased to 50,000 shares, worth approximately $11.77 million.
As published in their initiating research note from Barclays on January 06, 2025, Annaly Capital Management Inc [NLY] has been an Equal weight and the price target has been revised to $19. Analysts at Argus upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in late October. As of September 20, 2024, Wells Fargo has increased its “an Equal weight” rating to a “an Overweight” for NLY. Earlier on June 06, 2024, Janney initiated its rating. Their recommendation was “a Buy” for NLY stock.
Analyzing NLY Stock Performance
During the last five days, there has been a surge of approximately 1.16%. Over the course of the year, Annaly Capital Management Inc shares have jumped approximately 14.37%. Shares of the company reached a 52-week high of $20.95 on 02/13/25 and a 52-week low of $17.76 on 01/13/25. A 50-day SMA is recorded $19.51, while a 200-day SMA reached $19.75. Nevertheless, trading volume fell to 6.0 million shares from 7.36 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 20.75, which, if violated, would cause prices to drop to 20.57. In the upper region, resistance lies at 21.03. The next price resistance is at 21.13. RSI (Relative Strength Index) is 69.74 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.37, which suggests the price will decrease in the coming days. Percent R is at 1.35%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
