Federal National Mortgage Association (OTCMKTS:FNMA - Get Free Report) shares passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $6.30 and traded as high as $6.88. Federal National Mortgage Association shares last traded at $6.88, with a volume of 3,173,261 shares.
Wall Street Analysts Forecast Growth
Separately, Keefe, Bruyette & Woods lowered shares of Federal National Mortgage Association from a "market perform" rating to an "underperform" rating and upped their price target for the stock from $3.00 to $4.00 in a research report on Monday, January 27th.
Check Out Our Latest Report on FNMA
Federal National Mortgage Association Stock Performance
The company has a 50 day moving average price of $6.30 and a 200 day moving average price of $5.16.
Federal National Mortgage Association Company Profile
(
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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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