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Shares of MFA Financial Inc. (MFA) shed 2.50% to $3.90 Monday, on what proved to be an all-around grim trading session for the stock market, with the NASDAQ Composite Index falling 3.62% to 12,830.96 and Dow Jones Industrial Average falling 2.37% to 32,817.38. This was the stock's second consecutive day of losses. MFA Financial Inc. closed $1.00 short of its 52-week high ($4.90), which the company achieved on June 9th.
The stock underperformed when compared to some of its competitors Monday, as PennyMac Mortgage Investment Trust (PMT) rose 0.32% to $15.83, Invesco Mortgage Capital Inc. (IVR) fell 0.95% to $2.09, and New York Mortgage Trust Inc. (NYMT) fell 1.68% to $3.52. Trading volume (3.4 M) remained 518,874 below its 50-day average volume of 4.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 7, 2022.
(END) Dow Jones Newswires
March 07, 2022 17:07 ET (22:07 GMT)
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