Fannie Mae (OTCMKTS:FNMA) Stock Price Down 7.7% - Here's What Happened

Key Points

• Fannie Mae's stock experienced a significant decline of 7.7%, trading as low as $9.75, with a last traded price of $10.43.
• Analysts have assigned mixed ratings to Fannie Mae, with one "buy," two "hold," and one "sell" rating, reflecting a consensus target price of $13.33.
• The company's two-hundred day moving average price is $10.41, which indicates overall fluctuations in its stock performance over time.

Shares of Fannie Mae (OTCMKTS:FNMA - Get Free Report) dropped 7.7% during mid-day trading on Tuesday . The company traded as low as $9.75 and last traded at $10.43. Approximately 5,014,422 shares were traded during trading, a decline of 52% from the average daily volume of 10,387,821 shares. The stock had previously closed at $11.30.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on FNMA shares. Keefe, Bruyette & Woods lifted their price objective on shares of Fannie Mae from $4.00 to $10.00 and gave the stock an "underperform" rating in a research note on Thursday, September 18th. B. Riley started coverage on shares of Fannie Mae in a research note on Friday, September 5th. They issued a "neutral" rating and a $10.00 target price on the stock. Zacks Research raised Fannie Mae to a "hold" rating in a research note on Monday, September 8th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Fannie Mae in a research note on Thursday, September 11th. They issued a "buy" rating and a $20.00 price target for the company. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $13.33.

Fannie Mae Price Performance

The company's 50-day moving average price is $11.98 and its two-hundred day moving average price is $10.41.

About Fannie Mae

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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