Federal National Mortgage Association (OTCBB:FNMA) Shows Spike In Volume and Price, TGIC, PPMIQ

Posted by Michael Korte June 3, 2013 0 Comment 4234 views


FNMA, a mortgage-related enterprise, which trades over the counter, has showed a great spike in both volume and price per share. In the trading activity of Friday, the stock advanced +21.39% and closed the session at per share closing price of $2.10.

The stock opened at price of $1.53, and its lowest price of the day was $1.30, while its elevated price of Friday session remained $2.28. The 52 week price range of FNMA (low price-high price) was amid $0.20 – $5.44. Shares outstanding of the company remained 1.71 billion. The institutional ownership of the stock remained 1%.

Trading Volume Spike:

The stock has sold like hot cakes in the trading of Friday and its number of shares traded in the prior session remained 161.93 million. The average volume of the stock remained lower as compared to Friday’s volume, and its average trading competence was 59.66 million shares.

FNMA’s Competitors Trend:

Triad Guaranty Inc. (OTCMKTS:TGIC) showed a positive trend in its prior session and moved up +10.00%, the closing price of the stock remained $0.440. The PMI Group, Inc. (OTCMKTS:PPMIQ) advanced +14.07% in Friday’s session.

Stock’s Risk Relation:

Beta factor (The measure of a stock’s risk in relation to market or alternative bench mark rate ) of the stock remained 3.07.

Different Periods Trends in Focus:

Trends of different periods show the stability of the stock as well as its overall performance in a specific time period. Trends of FNMA (derived from Google Finance Trend Chart) are as follows:

FNMA surged +153.93% in its monthly period and its three month performance was also in green as it moved up +616.72%. The stock was again a big bull in its 6 month performance and showed a bullish movement of +669.23%. YTD performance of the stock was in positive figure and it advanced more than +723%.

Federal National Mortgage Association (OTCBB:FNMA) Reported April Month Summary:

On May 31, 2013, the company has provided a monthly summery of April month of current year. April 2013 summery report enclosed information regarding monthly and YTD activities of FNMA intended for the Company’s mortgage-backed securities, gross mortgage portfolio plus other guarantees, serious delinquency rates, interest rate risk measures as well as loan modifications. The company has posted this summery at its Website and twitter account. Interested parties can attain that summery from the Company’s Website, under progress section.


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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