Federal National Mortgage Association (OTCBB:FNMA) shares decline by 40.34%, Federal Home Loan Mortgage Corp (OTCBB:FMCC)

Posted by Steve Raasch May 31, 2013 0 Comment 2957 views


Hartford, CT 05/31/2013 (GDPInsider) – Federal National Mortgage Association (OTCBB:FNMA) opened  trading session at $2.74 per share after it had closed at $1.73, down by 40.34% (-$1.17). The stock price has so far today seen rise and fall ranging from $1.60 to $2.80 while in the past 52 weeks it has ranged from $0.20 – $5.44. The number of shares traded so far stands at 205.75 million as compared to the 30-day average of 53.23 million. Against 1.71 billion outstanding shares, the company posts a healthy earnings-per-share figure of $0.13 which means it is earning profits and is doing well. It has a high beta figure of 3.07 which shows that its stock is 207% more volatile than the market, meaning that investors can expect this stock to give higher returns in case markets jump but they should also be aware that its fall will be steeper if markets go down.

The company reported that it had sold benchmark bills amounting $2 billion at interest rates higher than what it had managed in the previous week.

Is FNMA a solid investment at these levels? Get valuable updates and exclusive insights here.

Federal Home Loan Mortgage Corp (OTCBB:FMCC) opened trading session at $2.52 per share after it had closed yesterday at $1.60, down by 38.70% (-$1.01). The stock price has so far seen rise and fall ranging from $1.50 to $3.00 while in the past 52 weeks it has ranged from $0.14 – $5.00. The number of shares traded so far stands at 83.41 million as compared to the 30-day average of 22.58 million. Against 1.11 billion outstanding shares, the company posts a dismal earnings-per-share figure of -$1.00 which means it is enduring losses and is doing badly. It has a high beta figure of 3.13 which shows that its stock is 213% more volatile than the market, meaning that investors can expect this stock to give higher returns in case markets jump but they should also be aware that its fall will be steeper if markets go down.

How Should Investors Trade FMCC Now? Get key and important information right here.

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About Steve Raasch

Steve Raasch is a breaking news reporter for GDP insider. During his nearly two decades of editorial experience, Steve has covered a variety of topics including small business, health, personal finance, advertising, workplace issues and consumer behavior. Steve is very passionate about his work. Steve earned a master of arts degree in international relations from the Johns Hopkins University School of Advanced International Studies in Washington.

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