Shares of Federal Home Loan Mortgage Co. (OTCMKTS:FMCC - Get Free Report) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.29 and traded as low as $1.10. Federal Home Loan Mortgage shares last traded at $1.13, with a volume of 1,174,467 shares.
Analysts Set New Price Targets
Separately, Wedbush restated an "underperform" rating and set a $0.75 price objective on shares of Federal Home Loan Mortgage in a report on Monday, June 17th.
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Federal Home Loan Mortgage Stock Performance
The stock has a 50 day simple moving average of $1.14 and a 200 day simple moving average of $1.29.
About Federal Home Loan Mortgage
(
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Federal Home Loan Mortgage Corporation operates in the secondary mortgage market in the United States. It operates through two segments, Single-Family and Multifamily. The Single-Family segment purchases, securitizes, and guarantees single-family loans; and manages single-family mortgage credit and market risk, as well as manages mortgage-related investments portfolio, single-family securitization activities, and treasury functions.
Further Reading
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