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Federal National Mortgage Association Message Board

  • valueinvestor.88888 valueinvestor.88888 Aug 14, 2013 1:25 PM Flag

    % Trading Volume is Low.

     

    Comparing trading volume to all outstanding Common Stock.

    FNMA Common outstanding. 1,159,000,000 Billion (rounded up)

    Avg volume trading per day almost 5% = 57,950,000 Million Shares. This is not a lot compared to the whole.
    And I would venture to say that over half of the 5% is being traded on a daily basis by day traders.
    I think there are a lot of Longs Holding this Stock.

    Amazing how this can drop 10 % on low volume of 30 million shares.

    I am not selling !

    Sentiment: Strong Buy

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FNMA
1.97-0.01(-0.51%)Jul 22 3:57 PMEDT