NEW YORK, NY / ACCESSWIRE / June 13, 2018 / U.S. markets were relatively quiet following the summit between President Donald Trump and North Korean leader Kim Jong Un in Singapore. The Dow Jones Industrial Average declined 0.01 percent to close at 25,320.73, while the S&P 500 Index rose 0.17 percent to close at 2,786.85. The Nasdaq Composite Index gained 0.57 percent to close at 7,703.79. On Tuesday, President Trump and North Korean leader Kim Jong Un signed an agreement pledging to creating a "peace regime" on the Korean peninsula.
“It is a relatively quiet day because investors are reluctant to make any big bets ahead of two central bank meetings,” said Mark Kepner, managing director of sales and trading at Themis Trading, according to MarketWatch.
RDI Initiates Coverage on:
Federal National Mortgage Association
Federal Home Loan Mortgage Corporation
Federal National Mortgage’s stock jumped 4.96% Tuesday, to close the day at $1.48. The stock recorded a trading volume of 3,306,905 shares, which was below its three months average volume of 3,698,756 shares. In the last year, Federal National Mortgage's shares have traded in a range of 1.21 - 3.31. The share price has gained 22.31% from its 52 week low. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $1.44 is below its 200-day moving average of $1.89. Shares of Federal National Mortgage have gained roughly 14.73 percent in the past month and are down 44.15 percent year-to-date.
Access RDI's Federal National Mortgage Association Research Report at:
On Tuesday, shares of Federal Home Loan Mortgage recorded a trading volume of 862,363 shares, which was below the three months average volume of 1,841,909 shares. The stock ended the day 3.97% higher at $1.57. The share price has fallen 51.54% from its 52 week high with a 52 week trading range of 1.20 - 3.24. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $1.45 is below its 200-day moving average of $1.83. Shares of Federal Home Loan Mortgage have gained roughly 18.94 percent in the past month and are down 37.7 percent year-to-date.
Access RDI's Federal Home Loan Mortgage Corporation Research Report at:
Our Actionable Research on Federal National Mortgage Association (OTCMKTS :FNMA) and Federal Home Loan Mortgage Corporation (OTCMKTS :FMCC) can be downloaded free of charge at Research Driven Investing.
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