Shares of Fannie Mae (OTC:FNMA - Get Free Report) were down 9.4% on Thursday . The company traded as low as $7.28 and last traded at $8.48. Approximately 46,908,660 shares traded hands during trading, an increase of 280% from the average daily volume of 12,334,749 shares. The stock had previously closed at $9.36.
Fannie Mae Stock Up 0.7%
The firm has a fifty day simple moving average of $8.28 and a 200-day simple moving average of $6.90.
About Fannie Mae
(
Get Free Report)
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.
Read More
Before you consider Fannie Mae, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Fannie Mae wasn't on the list.
While Fannie Mae currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
