Why Annaly Capital Stock Fell 11.9% in February
Annaly Capital Management (NYSE: NLY) struggled in February as its share price dropped 11.9% for the month, according to S&P Global Market Intelligence. The stock is trading at about $20.25 today, down 3.9% year to date.
The major market indexes were all down in February as the S&P 500 fell 2.6%, the Dow Jones Industrial Average dropped 4.2%, and the Nasdaq Composite was down 1.1% for the month.
Source Fool.com