Fannie Mae (OTCMKTS:FNMA - Get Free Report) shares rose 16.9% during mid-day trading on Friday . The company traded as high as $10.13 and last traded at $9.69. Approximately 15,105,532 shares were traded during mid-day trading, an increase of 35% from the average daily volume of 11,179,319 shares. The stock had previously closed at $8.29.
Fannie Mae Price Performance
The stock's fifty day moving average is $9.25 and its 200-day moving average is $8.66.
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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