Washington D.C. – May 28 – Shares of Federal National Mortgage Association (Fannie Mae) are showing notable strength in Tuesday’s trading, currently priced at 0.29, or 2.75%, signaling robust investor activity surrounding the government-sponsored enterprise.
The stock began the day strong at $11.74, substantially above its previous close of $10.55. It swiftly reached an intraday high of $11.91 early in the session. However, the morning saw considerable volatility, with the price then experiencing a sharp dip to an intraday low of $10.34. Since then, Fannie Mae shares have staged a notable recovery, climbing back to their current level. The intraday chart depicts an initial peak, a significant mid-morning pullback, followed by a period of upward momentum.
Crucially, today’s intraday high of $11.91 matches its 52-week high, a key technical level that often attracts significant investor attention and can indicate strong underlying bullish sentiment. The stock’s 52-week low stands at $1.02, placing the current trading firmly towards the upper echelon of its annual performance range and highlighting a substantial upward trajectory over the past year.
Federal National Mortgage Association currently has a market capitalization reported as 1.26KCr (which can translate to approximately $12.6 Billion USD, interpreting “KCr” as Kilo Crore). The stock is trading with a remarkably high Price-to-Earnings (P/E) ratio of 4,904.98. No dividend yield is currently reported for the shares.
Market participants are now closely observing whether Fannie Mae can sustain these gains and potentially consolidate near or above the $10.80 mark. The ability to hold above the previous close after touching its yearly peak will be a key indicator for the remainder of the trading session.
