OK. For every seller of a stock share there has to be a buyer right? So even though the price of AGNC has been falling precipitously on very high volume, the total shares outstanding has not changed right?
The only thing that could affect the number of outstanding shares is: a) company buy back= less shares outstanding or, b.) company does SPO=more shares outstanding. Am I missing something?
I don't understand your question. What you said was so obvious that I can't see what you might be asking.
Maybe you are missing the point of the bid ask process and how stocks get bid higher and lower based on the relative demand. More buy demand than sell demand and the price goes up. More sell demand than buy demand and the price goes down. It's the same with homes, cars, and gold. Remember when SUVs were going for peanuts when gas prices were high? They call this supply and demand. Econ 101.
This is more or less correct. Keep in mind there is an existing buyback program where the company may or may not buy themselves back below book value... just keep in mind only AGNC knows what their book value is that day.
What engaage says makes perfect sense (IMO- no guru here).
Is there something we're missing (in 'financial language" as opposed to "plain English") - In other words, can AGNC (or any other company) "buy back" shares (at ANY price - below book or otherwise) absent a "seller" that's willing to sell at said price???