American Capital Agency Corp. (NASDAQ:AGNC) was downgraded by equities research analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a report released on Monday.
In related news, VP Christopher Kuehl sold 153,987 shares of the company’s stock in a transaction on Tuesday, July 5th. The shares were sold at an average price of $19.55, for a total transaction of $3,010,445.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Gary D. Kain sold 368,953 shares of the company’s stock in a transaction on Tuesday, July 5th. The stock was sold at an average price of $19.55, for a total transaction of $7,213,031.15. The disclosure for this sale can be found here.
Source: Community Financial News