Fannie Mae (OTCMKTS:FNMA) Trading Up 7.9% - Still a Buy?

Key Points

• Fannie Mae's stock price rose by 7.9% to close at $8.18 after trading as high as $9.10.
• The trading volume was approximately 6.96 million shares, a decrease of 39% from its average daily volume.
• Fannie Mae operates through two segments: Single-Family and Multifamily, providing various mortgage financing solutions in the U.S.

Fannie Mae (OTCMKTS:FNMA - )'s stock price was up 7.9% on Tuesday . The stock traded as high as $9.10 and last traded at $8.18. Approximately 6,961,089 shares changed hands during mid-day trading, a decline of 39% from the average daily volume of 11,485,013 shares. The stock had previously closed at $7.58.

Fannie Mae Price Performance

The business has a 50 day moving average price of $9.36.

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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