Las Vegas, NV -- (SBWIRE) -- 09/11/2013 -- Federal National Mortgage Association(OTCBB:FNMA) is down by 4.53% at the moment, the stock is valued at $1.16 per share after starting today’s trade at $1.21 per share.
The stock has been fluctuating between $1.14 and $1.22 today and continues to trade in red. It started off today with energy however soon before midday it went down and now is trading low. Despite the low value the stock continues to trade in impressive volume.
Fannie Mae has so far traded 13.48 million shares whereas the average volume for 30 days stands at 13.68 million shares which show the investors supporting the trade regardless of stock’s low activity. Currently the company is trading at a market capitalization of $1.99 billion and holds 1.71 billion shares outstanding.
Federal National Mortgage Association Fannie Mae is a government-sponsored enterprise (GSE) chartered by the United States Congress to support liquidity and stability in the secondary mortgage market, where mortgage-related assets are purchased and sold.
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