ARMOUR Residential REIT (NYSE:ARR) : During the past 4 weeks, traders have been relatively bearish on ARMOUR Residential REIT (NYSE:ARR), hence the stock is down -0.01% 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 -0.03% relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.25% in the last 1 week, and is up 1.6% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have dropped -11.14% from its 1 Year high price. On Jul 30, 2015, the shares registered one year high at $23.52 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $19.54 and the 200 Day Moving Average price is recorded at $20.15.
The stock has recorded a 20-day Moving Average of 3.72% and the 50-Day Moving Average is 2.44%.
ARMOUR Residential REIT (NYSE:ARR): stock turned positive on Friday. Though the stock opened at $20.18, the bulls momentum made the stock top out at $20.3601 level for the day. The stock recorded a low of $20.14 and closed the trading day at $20.26, in the green by 1.00%. The total traded volume for the day was 859,940. The stock had closed at $20.06 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged in a Form 4 filing that the CFO of Armour Residential Reit, Inc., Mountain James R had purchased shares worth of $39,900 in a transaction dated on May 4, 2016. A total of 2,000 shares were purchased at a price of $19.95 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
ARMOUR Residential REIT, Inc. (ARMOUR) is an externally managed real estate investment trust (REIT). The Company invests in residential mortgage backed securities. The Companys securities portfolio consists primarily of Agency Securities backed by fixed rate home loans. The Company is authorized to invest in Agency Securities and Non-Agency Securities backed by fixed rate, hybrid adjustable rate and adjustable rate home loans, as well as unsecured notes and bonds issued by United States Government-sponsored entity (GSE) Treasuries and money market instruments. The Companys investment securities are issued or guaranteed by the United States Government-sponsored entity, such as the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac), or guaranteed by the Government National Mortgage Administration (Ginnie Mae). The Company is externally managed by ARMOUR Capital Management LP (ACM), an investment advisor.