Fannie Mae (OTCMKTS:FNMA) Stock Price Crosses Above Fifty Day Moving Average - Here's Why

Key Points

• Fannie Mae's stock price has recently crossed above its 50-day moving average of $9.23, reaching a high of $11.66 during trading on Monday.
• The stock has seen a significant increase, trading up 15.1% with a total volume of over 24 million shares exchanged.
• Fannie Mae primarily provides financing solutions for mortgages through its Single-Family and Multifamily segments, focusing on securitizing and purchasing mortgage loans and related securities.

Fannie Mae (OTCMKTS:FNMA - )'s share price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $9.23 and traded as high as $11.66. Fannie Mae shares last traded at $11.49, with a volume of 24,210,469 shares traded.

Fannie Mae Trading Up 15.1%

The firm's fifty day moving average is $9.23 and its two-hundred day moving average is $8.63.

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.

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