Federal Home Loan Mortgage Corp (OTCMKTS:FMCC) shares crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $2.53 and traded as low as $2.03. Federal Home Loan Mortgage shares last traded at $2.25, with a volume of 1,581,202 shares traded.
Separately, Compass Point started coverage on Federal Home Loan Mortgage in a research report on Thursday, June 20th. They issued a “neutral” rating for the company.
The business’s fifty day moving average is $2.52.
Freddie Mac operates in the secondary mortgage market in the United States. The company purchases residential mortgage loans originated by lenders, as well as invests in mortgage loans and mortgage-related securities. It operates in three segments: Single-family Guarantee, Multifamily, and Capital Markets.
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