Fannie Mae (OTC:FNMA – Get Free Report)’s stock price rose 11.1% during trading on Tuesday . The stock traded as high as $7.10 and last traded at $7.10. Approximately 16,707,951 shares were traded during trading, an increase of 35% from the average daily volume of 12,334,749 shares. The stock had previously closed at $6.39.
Fannie Mae Stock Performance
The stock’s fifty day moving average price is $6.32 and its two-hundred day moving average price is $5.45.
About Fannie Mae
Federal National Mortgage Association provides a source of financing for mortgages in the United States. It securitizes mortgage loans originated by lenders into Fannie Mae mortgage-backed securities (Fannie Mae MBS). The company 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.
Featured Stories
- Five stocks we like better than Fannie Mae
- What Do S&P 500 Stocks Tell Investors About the Market?
- Innovation Incubators: Survey of Entrepreneurs Reveals The Cities Most Supportive of Startups
- 3 REITs to Buy and Hold for the Long Term
- NVIDIA Insiders Sell: This Is What It Means for the Market
- There Are Different Types of Stock To Invest In
- Space Stocks Bottoming: Which Are Positioned Best for a Bounce?
Receive News & Ratings for Fannie Mae Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fannie Mae and related companies with MarketBeat.com's FREE daily email newsletter.
