Penny Stock Fannie Mae (FNMA) ends Thursday 6.22% Higher on Heavy Volume
Shares of Fannie Mae (OTC: FNMA), a government-sponsored enterprise chartered by the U.S. Congress to support liquidity and stability in the secondary mortgage market, soared in Thursday’s trading session.
The penny stock of Fannie Mae ended the day 6.22% higher at $0.393, with volume up from daily average of 6.12 million to 21.05 million. Fannie Mae shares gained 19.45% in the last three trading sessions.
According to a report by the Wall Street Journal, Timothy Mayopoulos, a former top executive at Bank of America Corp. (NYSE: BAC), has emerged as the leading internal contender to become the CEO at Fannie Mae. Mayopoulos currently serves as Fannie Mae’s general counsel.
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Posted by Tammy Dugas
on Friday, February 17th, 2012. Filed under Internet, Stocks.
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