3 Strong Investment Options: Teck Resources Ltd (TCK), Shake Shack Inc(SHAK), and Federal National Mortgage Assctn Fnni Me(FNMA)
New York, NY – GDP INSIDER – 02/05/2015.
This article discusses three companies: Teck Resources Ltd (USA)(NYSE:TCK), Shake Shack Inc(NYSE:SHAK), Federal National Mortgage Assctn Fnni Me(OTCBB:FNMA)
Teck Resources Ltd (USA)(NYSE:TCK) oscillated between $14.13 and $14.52 after opening the day at $14.36, yesterday. The Canada –based natural resources explorer and developer lost fifty one cents during yesterday’s trading to close the day at $14.31, a 3.44% decline in value from its previous closing price of $14.82. the new mark places the stock 36.94% above its 52 week low of $10.45 and 43.11% below its 52 week high of $25.15. Over the past one week and past four weeks, the Canadian company has gained 15.31% and 7.92% respectively. Not only that, but the stock has also outperformed the S&P 500 index by 7.92% in the past one month. Overall, Teck Resources Ltd is a good long-term investment.
Shake Shack Inc(NYSE:SHAK) hit a new one year low of $40.75 as the stock lost 8.14% to $3.66 per share, after opening the session at $44.85 and closed the day at a new closing price of $41.32.On February 4th, 2015, the US based burger company announced to close its IPO of 5,750,000 shares of its Class A common stock at a price of $21 per share. Shake Shack Inc raised approximately $112.3 million from its initial public offering on the New York Stock Exchange. The company had a trading volume of 1.37 million, which is lower than its 10-day average trading volume of 5.22 million.
Federal National Mortgage Assctn Fnni Me(OTCBB:FNMA) gained six cents to close the day at a new closing price of $2.33. The stock had a trading volume of 5.02 million, which is slightly lower than its 30-day average trading volume of 5.54 million, and 1.16 billion shares outstanding. The US government sponsored enterprise closed its trading session yesterday at a 20-day simple moving average of $2.23 and 52-day simple moving average of $2.27. Federal National Mortgage Assctn Fnni Me has a market cap of $2.70 billion and an earnings per share of $-0.22. On Tuesday 3rd, 2015, Federal National Mortgage Assctn Fnni Me suffered another legal setback when U.S. District Court judge, Robert Pratt, dismissed Continental Western Insurance Company’s case challenging the government’s sweep of Fannie’s and Freddie’s profits.
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