Federal Agricultural Mortgage Corp. Class A (NYSE:AGM.A)
December 10th, 2018
With markets going up Federal Agricultural Mortgage Corp. Class A fell $20.46 Monday, a 25.84% drop, closing at $58.73. As well as the drop in value, Federal Agricultural Mortgage Corp. Class A hit a new 52 week low of $57.60. In addition to the stock finishing lower, the trading volumes were only 49% of normal which could be an indication of investor uncertainty.
AGM.A was outperformed by the rest of the Financials sector which went down only 1.41%.
The market sectors were mixed Monday with a majority of the sectors trending up. Information Technology saw the biggest increase of the day (1.43%), while Energy saw the biggest drop (1.62%). Healthcare has seen the biggest year-to-date gain at 9.38%. The biggest loss this year has been the Materials sector dropping 15%.
Information Technology saw the biggest turnaround from its 5-day performance of -4.06%, as it went up 1.43%. Real Estate saw a turn around from its 5-day performance of 1.28% trading down 0.43%.
- Information Technology went up with a 1.43% change.
- Communication Services went up with a 0.75% change.
- Healthcare went up with a 0.33% change.
- Utilities went up with a 0.30% change.
- Materials went up with a 0.28% change.
- Industrials went up with a 0.25% change.
- Consumer Discretionary went up with a 0.13% change.
- Consumer Staples went up with a 0.02% change.
- Real Estate went down with a -0.43% change.
- Financials went down with a -1.41% change.
- Energy went down with a -1.62% change.
Federal Agricultural Mortgage Corp. Class A Info
Federal Agricultural Mortgage Corporation provides a secondary market for various loans made to borrowers in the United States. It operates through four segments: Farm & Ranch, USDA Guarantees, Rural Utilities, and Institutional Credit. The Farm & Ranch segment purchases and retains eligible mortgage loans that are secured by first liens on agricultural real estate; securitizes eligible mortgage loans, and guarantees the timely payment of principal and interest on securities representing interests in or obligations secured by pools of mortgage loans; and issues long-term standby purchase commitments on designated eligible mortgage loans. The USDA Guarantees segment purchases portions of certain agricultural, rural development, business and industry, and community facilities loans guaranteed by the United States Department of Agriculture (USDA). The Rural Utilities segment purchases and guarantees securities that are backed by eligible rural electric and telephone loans. The Institutional Credit segment engages in purchasing and guaranteeing general obligations of institutions that are secured by types of loans eligible under the Farm & Ranch, USDA Guarantees, or Rural Utilities lines of business. Federal Agricultural Mortgage Corporation was founded in 1987 and is headquartered in Washington, District of Columbia.
All amounts in USD unless otherwise indicated
Media Gazelle Inc (MG), a Nevada Corporation, owns and operates the online brand US Tribune News. MG does not offer financial advise, and is not a registered broker/dealer/analyst/adviser, holds no investment licenses, and may not sell, offer to sell or offer to buy any security. MG’s market updates, news are not a solicitation or recommendation to buy, sell or hold securities. MG shall not be held liable for any investment losses you may incur by using the information provided, this includes you trading the stocks mentioned on our sites. We recommend you talk to a financial adviser before trading any securities or taking any action based upon information on this site. MG does not guarantee the accuracy of the article.