Federal National Mortgage Association says that the investors are shocked at common stock rally. There was a market decline few days back yet company shares grew by 17.37% and touched $1.98 at 2:30 p.m.
The mortgage-finance company's economic and strategic research group expects 2.2% growth for all of 2013, slightly below last month's 2.3% forecast, but still continuing a modest recovery following 1.7% growth in 2012.
Federal National Mortgage Association (OTCBB:FNMA) on Wednesday traded up by 18.33% to close at $1.42, with total traded volumes of 129.80 million in comparison to its average volume of 20.09 million shares.
Federal National Mortgage Association(OTC:FNMA) shares gained 7.10% to $1.95. The company on May 15 said it sold $2.0 billion of benchmark bills at mixed interest rates compared with last week's sale of similar maturities.
Related Topics. Stocks � · Markets � · Financials �. NEW YORK | Thu May 9, 2013 8:48am EDT. NEW YORK May 9 (Reuters) - Federal National Mortgage Association : * Up 7.7 percent in premarket trade on news of payment to U.S. Treasury. Stocks · Markets ...