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Shares of MFA Financial Inc. (MFA) rose 1.54% to $3.96 Tuesday, on what proved to be an all-around rough trading session for the stock market, with the NASDAQ Composite Index falling 0.28% to 12,795.55 and Dow Jones Industrial Average falling 0.56% to 32,632.64. The stock's rise snapped a two-day losing streak. MFA Financial Inc. closed $0.94 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 Tuesday, as PennyMac Mortgage Investment Trust (PMT) rose 2.02% to $16.15, Invesco Mortgage Capital Inc. (IVR) rose 6.70% to $2.23, and New York Mortgage Trust Inc. (NYMT) rose 2.84% to $3.62. Trading volume (3.6 M) remained 396,947 below its 50-day average volume of 4.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 8, 2022.
(END) Dow Jones Newswires
March 08, 2022 17:07 ET (22:07 GMT)
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