Shares of Fannie Mae (OTCMKTS:FNMA - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $9.99, but opened at $10.77. Fannie Mae shares last traded at $10.87, with a volume of 5,366,469 shares trading hands.
Fannie Mae Stock Performance
The stock has a 50-day moving average of $9.33 and a two-hundred day moving average of $8.77.
About Fannie Mae
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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.
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