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Shares of MFA Financial Inc. (MFA) advanced 3.05% to $4.06 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the NASDAQ Composite Index rising 1.62% to 13,752.02 and the Dow Jones Industrial Average rising 1.79% to 33,891.35. The stock's rise snapped a three-day losing streak. MFA Financial Inc. closed $0.84 short of its 52-week high ($4.90), which the company achieved on June 9th.
The stock outperformed some of its competitors Wednesday, as PennyMac Mortgage Investment Trust (PMT) rose 1.66% to $15.90, Invesco Mortgage Capital Inc. (IVR) rose 1.43% to $2.13, and New York Mortgage Trust Inc. (NYMT) rose 2.87% to $3.59. Trading volume (3.2 M) remained 810,264 below its 50-day average volume of 4.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 2, 2022.
(END) Dow Jones Newswires
March 02, 2022 17:07 ET (22:07 GMT)
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