Federal Agricultural Mortgage Corp. Class A (NYSE:AGM.A)
December 13th, 2018
Federal Agricultural Mortgage Corp. Class A fell $23.65 Thursday which equals a 29.86% decline, closing at $55.54. Sadly, in addition to dropping AGM.A ended up closing the day at a new 52 week low.As well as the drop in value, Federal Agricultural Mortgage Corp. Class A hit a new 52 week low of $55.54. In addition to the stock finishing lower, the trading volumes were only 17% of normal which could be an indication of investor uncertainty.
AGM.A was outperformed by the rest of the Financials sector which went down just 0.59%.
The market sectors were mixed Thursday with a majority of the sectors trending up. Utilities saw the biggest increase of the day (0.88%), while Materials saw the biggest drop (1.13%). Healthcare has seen the biggest year-to-date gain at 11%. The biggest loss this year has been the Materials sector falling 14%.
Consumer Staples saw the biggest turnaround from its 5-day performance of -0.70%, as it went up 0.69%. Communication Services saw a turn around from its 5-day performance of 0.63% trading down 0.18%.
- Utilities went up with a 0.88% change.
- Consumer Staples went up with a 0.69% change.
- Real Estate went up with a 0.61% change.
- Energy went up with a 0.36% change.
- Information Technology went up with a 0.20% change.
- Healthcare went up with a 0.08% change.
- Communication Services went down with a -0.18% change.
- Industrials went down with a -0.25% change.
- Consumer Discretionary went down with a -0.44% change.
- Financials went down with a -0.59% change.
- Materials went down with a -1.13% 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
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