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AGNC · Analysis updated Nov 10, 2026, 6:00 PM ET
Why is AGNC Investment Corp. Common Stock (AGNC) stock moving?
AGNC has no news items in the last 14 days. Its recent SEC filings are an 8-K dated Oct 19 covering results of operations and a 10-Q filed Oct 29, but the provided excerpts show only cover pages, so earnings, guidance and dividend figures cannot be assessed. Over the 30-day window the stock has traded in a range-bound pattern between a low of $8.52 (Nov 3) and an intraday high of $9.05 (Nov 5), with closes between $8.53 and $8.93. The Nov 10 close of $8.74 is down 2.1% from $8.93 on Nov 9, on volume of 25.6M against a roughly 24.0M average for the period. The VWAP of $8.74 matches the close, and volume shows no spike that would point to new interest. Early November brought a bounce from $8.53 to $8.87 that did not hold, so there is no clear trend. With no news and no disclosed figures in the excerpts, the evidence is neutral.
News behind the analysis
- Form 10-Q quarterly reportQuarterly report filed Oct 29, 2026. The provided excerpt shows no text, so no financial figures can be read from it.
- Form 8-K: results of operations, exhibitsCurrent report dated Oct 19, 2026 that covers results of operations. The excerpt shows only the cover page, so the reported numbers are not visible.
About AGNC Investment Corp. Common Stock
AGNC Investment Corp. is a Bethesda, Maryland-based real estate investment trust (REIT), founded in 2008, that invests mainly in Agency residential mortgage-backed securities. These are bonds made from home loans and guaranteed against credit losses by Fannie Mae, Freddie Mac or Ginnie Mae. AGNC is known for paying a monthly dividend (recently $0.12 per share) and for its large portfolio, worth roughly $94 billion as of September 30, 2026. It joined the S&P MidCap 400 index in 2026.
How it makes money
AGNC borrows short-term money, mostly through repurchase agreements (repo loans backed by its bonds), and uses it to buy higher-yielding Agency mortgage bonds. It earns the gap, or spread, between the interest it collects and its borrowing and hedging costs. It uses about 7–8x leverage and hedges with interest-rate swaps and Treasury positions. Because its bonds are marked to market, changes in their value cause big swings in book value and reported earnings. In Q3 2026, for example, tangible book value fell about 17% to roughly $7.13 per share.
What usually moves AGNC
- Interest-rate levels and volatility
- Mortgage spreads versus Treasuries
- Repo funding costs and Fed policy
- Homeowner prepayment and refinancing speeds
- Changes in tangible book value and the dividend