Keep Your Eyes on Stock: AGNC Investment Corp. (NASDAQ:AGNC)

AGNC Investment Corp. (NASDAQ:AGNC) stock price is settled at $18.9 in last trading session. Taking a look at the daily price change trend and size of price movement it is recorded that AGNC spotted a negative behavior with drift of -1.46%. AGNC negotiated the trading capacity of 32343990 shares and observing the average volume of last three months the stock traded 3660.72K shares. The Stock has market cap of $7376.48M and relative volume of 10.11.

AGNC Investment Corp. (AGNC) stock has been separated -5.13% away from the 200-day MA. Tracking current stock price levels in relation to some other popular moving averages, we have noted that the stock is trading 0.22% away from the 50-day MA and -0.28% off of the 20-day MA. Checking on recent price levels compared to prior highs and lows, we have seen that AGNC Investment Corp. (AGNC) recently traded -1.79% away from the 50-day high and moved 2.22% from the 50-day low. Taking a wider observation, the current separation from the one year high is -15.40%, and the distance from the one year low is presently 5.96%.

AGNC Investment Corp. (NASDAQ:AGNC) reported that it priced a public offering of 30,000,000 shares of common stock for total expected gross proceeds of approximately $558.0 million before underwriting discounts and commissions and estimated expenses.

In connection with the offering, the Company has granted the underwriters an option for 30 days to purchase up to an additional 4,500,000 shares of common stock. The offering is subject to customary closing conditions and is expected to close on or about May 29, 2018.

AGNC expects to use the net proceeds from this offering to finance the acquisition of agency securities, non-agency securities (including credit risk transfer securities), other mortgage-related assets and hedging instruments and for other general corporate purposes.

Citigroup, BofA Merrill Lynch, Credit Suisse, J.P. Morgan, Morgan Stanley and UBS Investment Bank are joint book-running managers for the offering. JMP Securities and Keefe, Bruyette & Woods, A Stifel Company, are co-managers for the offering.

The stock has a beta of 0.02 compared to a beta of 1 for the market, which implies that the stock’s price movements are less extreme than the market as a whole. The stock therefore has below average level of market risk. During the past week, the stock’s average weekly volatility was 1.30% and 1.16% volatility over the past 30 days. The stock dispatched 0.32% performance during the quarter and performance arrived at -6.48% over the last six months. In the last month, the price performed -0.21%. Shares are now at -8.12% over the past year and year to date performance pointed at -6.39%. Contracting the focus on performance, delivered a move of 0.32% over the last week.

Category – Business

Before joining, Ben Martz worked as a freelance writer. He has more than 10 years’ experience in journalism and public relations. His experience in public relations includes press releases, promotional materials, and working with media outlets. He also has professional experience writing news, technology, and business stories. Ben learned CFA Level 2 from CFA Institute (USA). He has worked in diverse capacities from financial research to currency trading in a span of 3 years. Ben covers Business news section.

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