Why Annaly Capital Stock Dropped 11.9% in February
Annaly Capital Management (NYSE: NLY) endured a rocky February as its stock price plummeted 11.9%, according to S&P Global Market Intelligence.
The mortgage real estate investment trust (REIT) underperformed the S&P 500, which was down 3.2% in February, and the Nasdaq Composite, which was off 3.4%. Annaly Capital is down roughly 10% year to date in 2022 as of March 7, the same as the S&P 500.
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Source Fool.com
