Annaly Capital Management Inc (NLY) Moves Lower on Volume Spike for September 13

Equities Staff  |

Annaly Capital Management Inc (NLY) traded on unusually high volume on Sep. 13, as the stock lost 2.01% to close at $12.19. On the day, Annaly Capital Management Inc saw 11.5 million shares trade hands on 31,636 trades. Considering that the stock averages only a daily volume of 7.4 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 $12.73 and $9.83 over the last 52-weeks, its 50-day SMA is now $12.21, and its 200-day SMA $10.99. Annaly Capital Management Inc has a P/B ratio of 1.16. It also has a P/E ratio of 4.2.

Annaly Capital Management Inc is a part of the real estate sector. As a mortgage real estate investment trust, it owns a portfolio of real estate related investments, including mortgage pass-through certificates and collateralized mortgage obligations.

Headquartered in New York, NY, Annaly Capital Management Inc has 189 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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