Fannie Mae (OTCMKTS:FNMA - Get Free Report)'s stock price shot up 13.1% during trading on Wednesday . The company traded as high as $8.93 and last traded at $8.82. 4,666,126 shares changed hands during trading, a decline of 60% from the average session volume of 11,555,236 shares. The stock had previously closed at $7.80.
Fannie Mae Trading Down 8.1%
The business has a fifty day simple moving average of $9.39 and a 200 day simple moving average of $8.46.
About Fannie Mae
(
Get Free Report)
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.
Recommended Stories
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
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access