Federal National Mortgage Association (OTCMKTS:FNMA – Get Free Report)’s share price hit a new 52-week high on Thursday . The stock traded as high as $8.00 and last traded at $7.43, with a volume of 18465326 shares. The stock had previously closed at $7.70.
Wall Street Analyst Weigh In
Separately, Keefe, Bruyette & Woods cut shares of Federal National Mortgage Association from a “market perform” rating to an “underperform” rating and boosted their price objective for the stock from $3.00 to $4.00 in a research note on Monday, January 27th.
Check Out Our Latest Stock Report on FNMA
Federal National Mortgage Association Trading Down 1.7 %
Federal National Mortgage Association 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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