Fannie Mae (OTC:FNMA – Get Free Report) shares traded up 11.1% during mid-day trading on Tuesday . The company traded as high as $7.10 and last traded at $7.10. 16,707,951 shares changed hands during mid-day trading, an increase of 35% from the average session volume of 12,334,749 shares. The stock had previously closed at $6.39.
Fannie Mae Trading Up 3.0 %
The firm has a fifty day moving average price of $6.32 and a 200 day moving average price of $5.45.
Fannie Mae Company Profile
Federal National Mortgage Association provides a source of financing for mortgages in the United States. It securitizes mortgage loans originated by lenders into Fannie Mae mortgage-backed securities (Fannie Mae MBS). The company operates through two segments, Single-Family and Multifamily. The Single-Family segment securitizes and purchases single-family fixed-rate or adjustable-rate, first-lien mortgage loans, or mortgage-related securities backed by these loans; and loans that are insured by Federal Housing Administration, loans guaranteed by the Department of Veterans Affairs and Rural Development Housing and Community Facilities Program of the U.S.
Featured Stories
- Five stocks we like better than Fannie Mae
- 3 Monster Growth Stocks to Buy Now
- Innovation Incubators: Survey of Entrepreneurs Reveals The Cities Most Supportive of Startups
- What Is WallStreetBets and What Stocks Are They Targeting?
- NVIDIA Insiders Sell: This Is What It Means for the Market
- What is a Dividend Harvesting Strategy and How Can Investors Profit from it?
- Space Stocks Bottoming: Which Are Positioned Best for a Bounce?
Receive News & Ratings for Fannie Mae Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fannie Mae and related companies with MarketBeat.com's FREE daily email newsletter.
