Annaly Capital Management Inc (NLY) Moves Lower on Volume Spike for August 27

Equities Staff  |

Annaly Capital Management Inc (NLY) traded on unusually high volume on Aug. 27, as the stock lost 3.88% to close at $8.42. On the day, Annaly Capital Management Inc saw 30.78 million shares trade hands on 43,480 trades. Considering that the stock averages only a daily volume of 12.7 million shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $10.76 and $8.73 over the last 52-weeks, its 50-day SMA is now $9.19, and its 200-day SMA $9.37. Annaly Capital Management Inc has a P/B ratio of 0.9.

Annaly Capital Management Inc is an American mortgage real estate investment trust. The company segments its operations into Residential and Commercial real estate investments. While Annaly's Residential assets are primarily comprised of agency mortgage-backed securities and debentures, it is primarily invested in commercial mortgage loans and mortgage-backed securities in its Commercial unit through its subsidiary, Annaly Commercial Real Estate Group. Agency mortgage-backed securities and debentures make up the majority of the company's overall portfolio. Most of the company's counterparties are located in the U.S. Annaly generates nearly all of its revenue from the spread between interest earned on its assets and interest payments made on its borrowings.

Headquartered in New York, NY, Annaly Capital Management Inc has 170 employees and is currently under the leadership of CEO Kevin Keyes.

For a complete fundamental analysis analysis of Annaly Capital Management Inc, check out Equities.com’s Stock Valuation Analysis report for NLY.

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To get more information on Annaly Capital Management Inc and to follow the company’s latest updates, you can visit the company’s profile page here: NLY’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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