Fannie Mae (OTCMKTS:FNMA - Get Free Report) traded down 4.4% on Wednesday . The company traded as low as $13.93 and last traded at $14.03. 2,926,193 shares were traded during trading, a decline of 73% from the average session volume of 10,833,636 shares. The stock had previously closed at $14.67.
Wall Street Analyst Weigh In
A number of analysts have weighed in on the stock. B. Riley assumed coverage on shares of Fannie Mae in a research note on Friday, September 5th. They set a "neutral" rating and a $10.00 target price on the stock. Zacks Research raised shares of 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. They issued a "buy" rating and a $20.00 price objective on the stock. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $11.33.
Check Out Our Latest Stock Report on FNMA
Fannie Mae Trading Down 4.4%
The firm's fifty day moving average price is $10.27 and its two-hundred day moving average price is $9.52.
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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