Annaly Capital Management Inc (NLY) has risen sharply, recording gains of 0.66% in the past 4 weeks. However, the stock has corrected -1.3% in the past 1 week, providing a good buying opportunity on dips. Annaly Capital Management Inc (NLY) : During the past 4 weeks, traders have been relatively bearish on Annaly Capital Management Inc (NLY), hence the stock is down -3.55% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.75% relative to the S&P 500. The stock has recorded a 20-day Moving Average of 0.34% and the 50-Day Moving Average is 0.92%.
Annaly Capital Management Inc (NYSE:NLY): The stock opened at $10.65 on Friday but the bulls could not build on the opening and the stock topped out at $10.69 for the day. The stock traded down to $10.58 during the day, due to lack of any buying support eventually closed down at $10.65 with a loss of -0.09% for the day. The stock had closed at $10.66 on the previous day. The total traded volume was 8,062,816 shares.
The company Insiders own 0.47% of Annaly Capital Management Inc shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 42.56% . Institutional Investors own 55.64% of Annaly Capital Management Inc shares. During last six month period, the net percent change held by insiders has seen a change of 42.56%. In a related news, Denahan Wellington, CEO of Annaly Capital Management Inc, had purchased 100,000 shares on August 21, 2015. The total value of the transaction was $1,033,000. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.
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.