Fannie Mae (OTCMKTS:FNMA) Trading Down 5.2% - Here's Why

Key Points

• Fannie Mae's shares decreased by 5.2% during mid-day trading, closing at $7.48, significantly below the previous close of $7.89.
• The trading volume during this decline was approximately 2.33 million shares, marking an 80% decrease from the average daily volume of 11.5 million shares.
• Fannie Mae primarily provides financing solutions for mortgages in the U.S., operating through Single-Family and Multifamily segments.

Fannie Mae (OTCMKTS:FNMA - Get Free Report)'s share price traded down 5.2% during trading on Monday . The company traded as low as $7.48 and last traded at $7.48. 2,326,989 shares changed hands during trading, a decline of 80% from the average session volume of 11,500,460 shares. The stock had previously closed at $7.89.

Fannie Mae Trading Up 9.9%

The firm has a 50-day moving average of $9.31 and a two-hundred day moving average of $8.48.

Fannie Mae Company Profile

Federal National Mortgage Association provides financing solutions for mortgages in the United States. It 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.