Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) are both playing giveback all over again on Tuesday with most other speculative financial stocks. Yesterday’s research hinting that there is effectively no value remaining is a harsh reminder of how high run ups can go on no news and solely on the flight to junk at market extremes. As of 8:39 AM EST…
- Freddie Mac is down 2.6% at $2.23 on 900,000 almost shares. This closed at $2.40 Friday and $2.29 Monday.
- Fannie Mae is down 3.5% at $1.86 on over 3 million shares. This closed at $2.04 Friday and $1.93 yesterday.
JON C. OGG
No comments:
Post a Comment