Federal National Mortgage Association (OTCBB:FNMA) shares increases rapidly by 37.37%, Federal Home Loan Mortgage Corp (OTCBB:FMCC)

Posted by Michael Korte May 29, 2013 0 Comment 657 views


Hartford, CT 05/29/2013 (GDPInsider) – Federal National Mortgage Association (OTCBB:FNMA) shares closed at $4.08 per share, a jump of 37.37% (+$1.11) from its last closing price of $2.97. The stock had started this trading session at the opening price of $3.54 and has so far today seen a price ranging from a low of $3.20 to a high of $4.09. In its last 52-weeks’ history, the stock’s price has ranged from $0.20 – $4.09. While yesterday 131.90 million shares have been traded so far, in the last 30 days, 40.76 million shares have been traded every day on an average. The association has an earnings-per-share of $0.13 to show against 1.71 billion outstanding shares, pointing towards profits and smooth sailing. The beta coefficient of 3.07 shows that the stock experiences 207% more volatility than the market and while that may potentially yield greater returns, it also tells the investor to be prepared for / to not worry too much about a steeper fall.

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

Federal Home Loan Mortgage Corp (OTCBB:FMCC) shares closed at $3.75 per share, a jump of 33.45% (+$0.94) from its last closing price of $2.81. The stock had started this trading session at the opening price of $3.41 and has so far today seen a price ranging from a low of $3.36 to a high of $3.76. In its last 52-weeks’ history, the stock’s price has ranged from $0.14 – $3.76. While yesterday 58.50 million shares have been traded so far, in the last 30 days, 17.03 million shares have been traded every day on an average. The corporation has an earnings-per-share of -$1.00 to show against 1.11 billion outstanding shares, pointing towards losses and rough waters. The beta coefficient of 3.13 shows that the stock experiences 213% more volatility than the market and while that may potentially yield greater returns, it also tells the investor to be prepared for a steeper fall.

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

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About Michael Korte

Michael Korte an investigative reporter at GDP Insider and is a breaking news reporter. Michael work includes investigations of misconduct by federal prosecutors and industrial air pollution around the nation's schools. His reporting has been recognized with the Hillman Prize for Newspaper Journalism, the Grantham Prize for Excellence in Reporting on the Environment, and the Philip Meyer Journalism Award for reporting that incorporates social science methods.

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