Annaly Capital Management Inc (NLY) : Thursdays money flow points at investors jumping to buy the stock on the weakness of price. $8.46 million worth of transactions were on upticks, whereas, the downticks accounted for $6.16 million worth of transactions. The net money flow was a positive $2.3 million and the uptick to downtick ratio was 1.37. However, the block trades showed a clear dominance of the bulls with a very healthy ratio of 1.22 in their favor. The net money flow into the stock was $0.32 million. The value of block trades done on downticks was only $1.47 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $1.8 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Annaly Capital Management Inc (NLY) was trading at $10.8, down $0.19 during day. The stock slid -1.77% over the previous days close. For the week, the stock recorded -1.64% over the previous weeks close.
Annaly Capital Management Inc (NLY) stock is expected to deviate a maximum of $1.26 from the average target price of $10.3 for the short term period. 5 Street Experts have initiated coverage on the stock with the most promising target being $12 and the most muted being $9. The stock has recorded a 20-day Moving Average of 2% and the 50-Day Moving Average is 2.98%.
Annaly Capital Management Inc (NYSE:NLY): The stock opened at $11.00 on Thursday but the bulls could not build on the opening and the stock topped out at $11.02 for the day. The stock traded down to $10.75 during the day, due to lack of any buying support eventually closed down at $10.81 with a loss of -1.67% for the day. The stock had closed at $10.99 on the previous day. The total traded volume was 7,691,401 shares.
Annaly Capital Management, Inc. is a mortgage real estate investment trust (REIT). The Company uses its capital coupled with borrowed funds to invest in real estate related investments, earning the spread between the yield on its assets and the cost of its borrowings. It owns a portfolio of real estate related investments, including mortgage pass-through certificates, collateralized mortgage obligations (CMOs), Agency callable debentures, other securities representing interests in or obligations backed by pools of mortgage loans, commercial real estate assets and corporate debt. The Companys business operations consist of Annaly (the parent company), Annaly Commercial Real Estate Group, Inc. (ACREG), RCap Securities, Inc., Fixed Income Discount Advisory Company (FIDAC), Annaly Middle Market Lending LLC and Shannon Funding LLC.