Fannie Mae (OTCMKTS:FNMA) Trading Up 16.9% - Here's Why

Key Points

• Fannie Mae's stock saw a significant rise of 16.9%, trading at $9.69 after reaching a high of $10.13, with trading volume increasing by 35% compared to its average.
• The company's fifty-day moving average is $9.19, while the two-hundred-day moving average is $8.54, indicating an upward trend in stock performance.
• Fannie Mae, officially known as the Federal National Mortgage Association, provides financing solutions for mortgages, operating through both Single-Family and Multifamily segments.

Shares of Fannie Mae (OTCMKTS:FNMA - ) traded up 16.9% on Friday . The stock traded as high as $10.13 and last traded at $9.69. 15,105,532 shares traded hands during trading, an increase of 35% from the average session volume of 11,179,319 shares. The stock had previously closed at $8.29.

Fannie Mae Trading Up 18.8%

The company's fifty day simple moving average is $9.19 and its two-hundred day simple moving average is $8.54.

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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