American Capital Agency (AGNC) has risen sharply, recording gains of 1.17% in the past 4 weeks. However, the stock has corrected -0.15% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 0.78% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
American Capital Agency Corp. is up 9.21% in the last 3-month period. Year-to-Date the stock performance stands at 23.65%. The stock has recorded a 20-day Moving Average of 0.77% and the 50-Day Moving Average is 3.03%.
American Capital Agency (NASDAQ:AGNC): The stock was completely flat for the day, closing at $19.87 on Friday. The flat closing masks the intraday volatility in the stock. After opening at $19.80, the stock touched an intraday high of $19.87 and a low of $19.69. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $19.87. The total trading volume on Friday was 2,160,943.
Also, Major Brokerage house, Citigroup maintains its ratings on American Capital Agency (NASDAQ:AGNC). In the latest research report, Citigroup raises the target price from $18 per share to $19 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on August 3, 2016.
American Capital Agency Corp. operates as a real estate investment trust (REIT) in the United States. The Companys income comes primarily from its investments in agency mortgage-backed securities (agency MBS). The Companys investments consist of residential mortgage pass-through securities and collateralized mortgage obligations (CMOs) guaranteed by a government-sponsored enterprise, such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), or by a United States Government agency, such as the Government National Mortgage Association (Ginnie Mae). It also invests in agency debenture securities issued by Freddie Mac, Fannie Mae or the Federal Home Loan Bank and in other agency securities. The Company is externally managed by American Capital AGNC Management, LLC, an affiliate of American Capital, Ltd.