Shares of Fannie Mae (OTCMKTS:FNMA - Get Free Report) traded down 4.5% on Monday . The stock traded as low as $9.27 and last traded at $9.30. 2,408,973 shares changed hands during trading, a decline of 81% from the average session volume of 12,530,981 shares. The stock had previously closed at $9.73.
Fannie Mae Stock Performance
The company has a 50-day moving average of $9.74 and a 200-day moving average of $8.10.
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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