Hot Stocks News: (OTCQB: FNMA), (OTCQB: FMCC)
New York, NY -- (ReleaseWire) -- 03/25/2013 --New York (March25th, 2013) - Federal National Mortgage Association (OTCQB: FNMA) traded at $ 0.793 in the last session, which is +0.013 (1.65%). The stock has a Range of 0.73 - 0.95. The stock has a 52 week low and high of 0.20 - 1.47 respectively. The stock has a Market Cap of 918.36M. The stock traded a volume of 54.53M. The stock has a 30 day average volume of 19.67M.
The driving force behind the stocks’ big rally was a tax break Fannie Mae – a.k.a. the Federal National Mortgage Association – may be taking advantage of. The organization may elect to recognize a more than $60 billion Deferred Tax Asset when it reports its fourth-quarter earnings. The organization said it expects to report “significant net income” thanks to the deferred tax asset, according to its SEC filing. Earnings were scheduled for Monday, but have been delayed to an unspecified date.
Find out if FNMA could maintain its momentum in the upcoming trading sessions by getting the free and full trend analysis report here:
Federal Home Loan Mortgage Corp (OTCQB: FMCC) traded at $ 0.782 in the last session, which is +0.002 (0.26%). The stock has a Range of 0.72 - 0.92. The stock has a 52 week low and high of 0.14 - 1.44 respectively. The stock has a Market Cap of 508.33M. The stock traded a volume of 22.05M. The stock has a 30 day average volume of 8.66M.
Freddie Mac (Federal Home Loan Mortgage Corporation) shares rose from 41 cents entering the week to $1.42 but corrected to 0.782 in the last session. Part of the pullback was likely just a natural correction. A drop in the 30-year mortgage rate likely played a role as well. The rate dipped from 3.63% a week ago to 3.54% currently. The 15-year fixed rate also dropped, from 2.72% to 2.79%.
Find out more on FMCC by getting the free and full trend analysis report here: http://www.monstertradingalerts.com/market-scan/?symbol=FMCC
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