Buying Opportunity: Federal National Mortgage Association (OTCBB:FNMA)# Stock
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Federal National Mortgage Association(OTCBB:FNMA) is one of the most active
stocks as the stock has bounced back about 12% from session low of $1.15.
The stock is now up 5% at $1.29 with more than 21.5 million shares have
traded hands, compared to its daily average volume of 19.41 million shares.
However, the stock is still down about 18% over the past one week. Today,
the stock is up first time for the past one week.
The stock has been heading lower despite the firm had reported a sharp rise
in its quarterly profit last week. It had reported a profit of $10.1 billion
, almost doubled. It was the sixth straight quarter of profit thanks to a
housing recovery that has reduced mortgage delinquencies and lifted home
prices.
stocks as the stock has bounced back about 12% from session low of $1.15.
The stock is now up 5% at $1.29 with more than 21.5 million shares have
traded hands, compared to its daily average volume of 19.41 million shares.
However, the stock is still down about 18% over the past one week. Today,
the stock is up first time for the past one week.
The stock has been heading lower despite the firm had reported a sharp rise
in its quarterly profit last week. It had reported a profit of $10.1 billion
, almost doubled. It was the sixth straight quarter of profit thanks to a
housing recovery that has reduced mortgage delinquencies and lifted home
prices.
