Freddie Mac (OTC:FMCC – Get Free Report) shares were up 1.6% on Wednesday . The company traded as high as $8.25 and last traded at $8.14. Approximately 2,227,879 shares changed hands during trading, a decline of 55% from the average daily volume of 4,993,956 shares. The stock had previously closed at $8.01.
Freddie Mac Stock Up 1.6%
The firm has a 50-day moving average price of $6.25 and a 200 day moving average price of $5.27. The firm has a market capitalization of $5.29 billion, a PE ratio of -407.00 and a beta of 2.02.
About Freddie Mac
Federal Home Loan Mortgage Corporation operates in the secondary mortgage market in the United States. The company purchases single-family and multifamily residential mortgage loans originated by lenders, as well as invests in mortgage loans and mortgage-related securities. It operates through two segments, Single-family and Multifamily.
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