Dallas, Texas 08/22/2013 (Financialstrend) – The Chief Executive Officer of Annaly Capital Management, Inc. (NYSE:NLY) had recently made a huge purchase of around 180,000 shares of the company at a time when the price of the stock is at 12 year low level during this week. It was reported that the CEO, Wellington Denahan had purchased around 30,200 shares of the company at price of $10.99 per share on Tuesday and remaining 151,600 shares at a price of $10.94 per share on Wednesday.
This recent purchase made by the CEO had increased her total stake holding in the company to around 18% to a total of 1.2 million shares. There had been further higher level of insider investment in the shares of Annaly Capital Management, Inc. (NYSE:NLY) in the previous week when the co- Chief Information Officer Kris Konrad had bought around 17000 shares of the company and the director John Schaeffer had bought around 10,000 shares of the company. There had been recent decline in the share prices of this financial services firm which had plunged to new bottoms in the previous week of trading. However, it appears that the stock is gradually starting to move on its path of recovery in the recent days.
Annaly Capital Management, Inc. (NYSE:NLY) had on Wednesday moved on to report a closing price of $10.94 per share and had thereby presented a loss of 0.82% over the previous close. The stock had further been presenting price fluctuations during the day to vary from low of $10.81 per share to high of $11.12 per share, while the stock presently has its bottom price level at $10.63 and peak price level at $17.75 per share. There are totally 985.09 million shares of the company being traded out in the markets and the institutional holdings comprise around 44% of the total capital.