Annaly Capital Management, Inc. (NLY - Free Report) was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company—as the stock is now down 50.2% in the past one-month time frame.
The company has seen one positive estimate revision in the past two months, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past two months, suggesting that more solid trading could be ahead for Annaly. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Annaly currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
Annaly Capital Management Inc Price
Another stock worth considering in the REIT and Equity Trust industry is AGNC Investment Corp. (AGNC - Free Report) which carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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